SEC Form 4 · accession 0001127602-18-009111
STEPAN CO · SCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jennifer Ansbro Hale
Officer — VP, Gen'l Counsel & Sec'y
Period of report
Feb 26, 2018
Accepted (ET)
Feb 28, 2018 · 4:25 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 | Feb 26, 2018 | M | 6,131 | $43.85 | A | 6,131 | D | |
| Common Stock | Feb 26, 2018 | D | 3,457 | $77.77 | D | 2,674 | D | |
| Common Stock | Feb 26, 2018 | F | 784 | $77.77 | D | 1,890 | D | |
| Common Stock | Feb 26, 2018 | M | 2,044 | $43.85 | A | 3,934 | D | |
| Common StockF4 | Feb 26, 2018 | S | 2,044 | $77.254 | D | 1,890 | D | |
| Common Stock | holding | — | — | — | 1,400 | I | By Spouse | |
| Common Stock | holding | — | — | — | 213 | 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 Appreciation Right | $43.85 | Feb 26, 2018 | M | 6,131 | D | Feb 23, 2018 | Feb 22, 2026 | Common Stock | 6,131 | 0 | D |
| Employee Stock Option (Right to Buy) | $43.85 | Feb 26, 2018 | M | 2,044 | D | Feb 23, 2018 | Feb 22, 2026 | Common Stock | 2,044 | 0 | D |
Explanation of responses
- F1The Stock Appreciation Rights ("SARs") were settled in shares of common stock as per the terms of the award.
- F2Deemed disposition of underlying common stock to the issuer in an amount equal to the conversion price of the SARs.
- F3Withholding of shares to satisfy tax liability on exercise of SARs.
- F4The price reported is a weighted average price. Shares were sold in a series of transactions within the same trading day at prices ranging from $77.00 to $77.50, inclusive. Full information regarding the number of shares sold at each separate price is available upon request by the Commission staff, the issuer, or a security holder of the issuer.