SEC Form 4 · accession 0001127602-19-007745
STEPAN CO · SCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Janet Anne Catlett
Officer — VP, CHRO
Period of report
Feb 20, 2019
Accepted (ET)
Feb 22, 2019 · 4:46 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 20, 2019 | A | 37 | $92.29 | A | 37 | 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)F1 | $92.29 | Feb 20, 2019 | A | 1,687 | A | Dec 31, 2019 | Feb 19, 2029 | Common Stock | 1,687 | 1,687 | D |
| Stock Appreciation RightF1 | $92.29 | Feb 20, 2019 | A | 5,062 | A | Dec 31, 2019 | Feb 19, 2029 | Common Stock | 5,062 | 5,062 | D |
| Performance SharesF2 | — | Feb 20, 2019 | A | 1,300 | A | — | — | Common Stock | 1,300 | 1,300 | D |
| Share UnitsF3,F4 | — | Feb 20, 2019 | A | 756 | A | — | — | Common Stock | 756 | 756 | D |
Explanation of responses
- F1Vests ratably over three years beginning on date shown.
- F2Each performance share represents a contingent right to receive 1 share of Stepan Company Stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2021.
- F3Share Units convert on a one-for-one basis into Common Stock.
- F4Share Units are 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.