SEC Form 4 · accession 0001127602-19-007748
STEPAN CO · SCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
F Quinn Stepan Jr.
Officer — Chairman, President & CEO · Director
Period of report
Feb 20, 2019
Accepted (ET)
Feb 22, 2019 · 4:47 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 20, 2019 | M | 28,657 | — | A | 184,100 | D | |
| Common Stock | Feb 20, 2019 | A | 82 | $92.29 | A | 11,274 | I | By Esop II Trust |
| Common StockF2 | holding | — | — | — | 106,672 | D | ||
| Common StockF3 | holding | — | — | — | 160,000 | I | By Family LLC | |
| Common StockF3 | holding | — | — | — | 48,000 | I | By Family Trust | |
| Common Stock | holding | — | — | — | 71,382 | I | By Family Trust III | |
| Common StockF3 | holding | — | — | — | 40,000 | I | By Family Trust IV | |
| Common Stock | holding | — | — | — | 358 | I | By Spouse |
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)F4 | $92.29 | Feb 20, 2019 | A | 28,122 | A | Dec 31, 2019 | Feb 19, 2029 | Common Stock | 28,122 | 28,122 | D |
| Stock Appreciation RightF4 | $92.29 | Feb 20, 2019 | A | 28,122 | A | Dec 31, 2019 | Feb 19, 2029 | Common Stock | 28,122 | 28,122 | D |
| Performance SharesF5 | — | Feb 20, 2019 | A | 10,836 | A | — | — | Common Stock | 10,836 | 10,836 | D |
| Performance SharesF1,F6 | — | Feb 20, 2019 | M | 15,507 | D | — | — | Common Stock | 15,507 | 0 | D |
Explanation of responses
- F1The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2018.
- F2Joint Tenancy with Spouse.
- F3The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purpose of Section 16 or for any other purpose.
- F4Vests ratably over three years beginning on the date shown.
- F5Each 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, 2021.
- F6Each 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, 2018.