SEC Form 4 · accession 0001127602-18-008180
STEPAN CO · SCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott R. Behrens
Officer — VP/GM Surfactants
Period of report
Feb 21, 2018
Accepted (ET)
Feb 23, 2018 · 8:16 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 StockF1 | Feb 21, 2018 | M | 6,869 | — | A | 10,153 | D | |
| Common Stock | Feb 21, 2018 | A | 110 | $73.07 | A | 3,471 | I | By Esop II Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $72.99 | Feb 21, 2018 | A | 3,447 | A | Dec 31, 2018 | Feb 20, 2028 | Common Stock | 3,447 | 3,447 | D |
| Stock Appreciation RightF2 | $72.99 | Feb 21, 2018 | A | 10,340 | A | Dec 31, 2018 | Feb 20, 2028 | Common Stock | 10,340 | 10,340 | D |
| Performance SharesF3 | — | Feb 21, 2018 | A | 2,740 | A | — | — | Common Stock | 2,740 | 2,740 | D |
| Performance SharesF1 | — | Feb 21, 2018 | M | 3,887 | D | — | — | Common Stock | 3,887 | 0 | D |
Explanation of responses
- F1The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2017.
- F2Vests ratably over three years beginning on the date shown.
- F3Each performance share represents a contingent right to receive 1 share of Stepan Company Common Stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2020.