SEC Form 4 · accession 0001127602-19-001714
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
Jan 7, 2019
Accepted (ET)
Jan 9, 2019 · 5:22 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 | Jan 7, 2019 | M | 517 | $72.99 | A | 7,565 | D | |
| Common Stock | Jan 7, 2019 | S | 517 | $75.17 | D | 7,048 | D | |
| Common Stock | Jan 7, 2019 | M | 1,551 | $72.99 | A | 8,599 | D | |
| Common Stock | Jan 7, 2019 | D | 1,506 | $75.17 | D | 7,093 | D | |
| Common Stock | Jan 7, 2019 | F | 16 | $75.17 | D | 7,077 | 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 Option (Right to Buy) | $72.99 | Jan 7, 2019 | M | 517 | D | Dec 31, 2018 | Feb 20, 2028 | Common Stock | 517 | 1,034 | D |
| Stock Appreciation Right | $72.99 | Jan 7, 2019 | M | 1,551 | D | Dec 31, 2018 | Feb 20, 2028 | Common Stock | 1,551 | 3,102 | 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.