SEC Form 4 · accession 0001127602-18-035238
STEPAN CO · SCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Victor Slone
Officer — VP Chief Tech & Sustainability
Period of report
Nov 30, 2018
Accepted (ET)
Dec 4, 2018 · 7:09 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 | Nov 30, 2018 | D | 1,377 | $80.48 | D | 7,493 | D | |
| Common Stock | Nov 30, 2018 | M | 1,377 | $57.79 | A | 7,049 | D | |
| Common Stock | Nov 30, 2018 | D | 2,088 | $80.48 | D | 5,405 | D | |
| Common Stock | Nov 30, 2018 | F | 651 | $80.48 | D | 4,754 | D | |
| Common Stock | Nov 30, 2018 | M | 1,821 | $62.41 | A | 8,870 | D | |
| Common Stock | Nov 30, 2018 | D | 1,412 | $80.48 | D | 3,342 | D | |
| Common Stock | Nov 30, 2018 | F | 153 | $80.48 | D | 3,189 | D | |
| Common Stock | Nov 30, 2018 | M | 1,392 | $78.58 | A | 4,581 | D | |
| Common Stock | Nov 30, 2018 | D | 1,361 | $80.42 | D | 3,220 | D | |
| Common Stock | Nov 30, 2018 | F | 12 | $80.42 | D | 3,208 | D | |
| Common Stock | Nov 30, 2018 | M | 3,832 | $43.85 | A | 10,881 | D | |
| Common Stock | holding | — | — | — | 463 | 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 | $57.79 | Nov 30, 2018 | M | 1,377 | D | Nov 4, 2015 | Nov 3, 2023 | Common Stock | 1,377 | 0 | D |
| Stock Appreciation Right | $62.41 | Nov 30, 2018 | M | 1,821 | D | Jul 19, 2018 | Jul 18, 2026 | Common Stock | 1,821 | 0 | D |
| Stock Appreciation Right | $78.58 | Nov 30, 2018 | M | 1,392 | D | Feb 21, 2018 | Feb 20, 2027 | Common Stock | 1,392 | 2,786 | D |
| Stock Appreciation Right | $43.85 | Nov 30, 2018 | M | 3,832 | D | Feb 23, 2018 | Feb 22, 2026 | Common Stock | 3,832 | 0 | D |
Explanation of responses
- F1The Stock Appreciation Rights ("SARs") were settled in cash pursuant to the terms of the award. For reporting purposes, however, the transaction is deemed to be a simultaneous acquisition and disposition of the underlying common stock and is reflected as such in this report.
- 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 SARs were settled in shares of common stock as per the terms of the award.