SEC Form 4 · accession 0001127602-18-003831
STEPAN CO · SCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
F Quinn Stepan
Director
Period of report
Feb 1, 2018
Accepted (ET)
Feb 2, 2018 · 5:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000094049
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 18, 2017 | G | 14,178 | $0.00 | D | 273,784 | D | |
| Common StockF1 | Feb 1, 2018 | M | 43,203 | — | A | 316,987 | D | |
| Common Stock | Feb 1, 2018 | D | 42,113 | $78.42 | D | 274,874 | D | |
| Common Stock | Feb 1, 2018 | F | 457 | $78.42 | D | 274,417 | D | |
| Common Stock | holding | — | — | — | 102 | I | By Esop II Trust | |
| Common Stock | holding | — | — | — | 170,269 | I | By Spouse | |
| Common Stock | holding | — | — | — | 508,655 | I | Stepan Venture II Partnership |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share UnitsF4,F1,F5,F6 | — | Feb 1, 2018 | M | 43,203 | D | — | — | Common Stock | 43,203 | 343,903 | D |
Explanation of responses
- F1Share Units converted on a one-for-one basis into Common Stock. The Share Units were acquired under the Management Incentive Plan (As Amended and Restated Effective January 1, 2015) ("MIP"), a nonqualified deferred compensation plan which allows MIP participants to elect to defer all or a portion of their deferred compensation into accounts pursuant to MIP provisions.
- F2Reflects Share Units that were settled in cash pursuant to the terms of the MIP. Pursuant to the terms of the MIP, amounts deferred are distributed to MIP participants in accordance with the terms of the MIP.
- F3Reflects shares withheld in connection with settlement of stock-settled share units under the MIP. Pursuant to the terms of the MIP, amounts deferred are distributed to MIP participants in accordance with the terms of the MIP.
- F4Share Units were acquired under the MIP.
- F5Share Units convert on a one-for-one basis into Common Stock
- F6Amounts deferred into Share Units are distributed to the participant in ten installments following the end of employment.