SEC Form 4 · accession 0001127602-19-007751
STEPAN CO · SCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott R. Behrens
Officer — VP/GM Surfactants
Period of report
Feb 20, 2019
Accepted (ET)
Feb 22, 2019 · 4:50 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 | 6,744 | — | A | 16,994 | D | |
| Common Stock | Feb 20, 2019 | A | 82 | $92.29 | A | 3,592 | 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)F2 | $92.29 | Feb 20, 2019 | A | 3,375 | A | Dec 31, 2019 | Feb 19, 2029 | Common Stock | 3,375 | 3,375 | D |
| Stock Appreciation RightF2 | $92.29 | Feb 20, 2019 | A | 10,124 | A | Dec 31, 2019 | Feb 19, 2029 | Common Stock | 10,124 | 10,124 | D |
| Performance SharesF3 | — | Feb 20, 2019 | A | 2,601 | A | — | — | Common Stock | 2,601 | 2,601 | D |
| Performance SharesF1,F4 | — | Feb 20, 2019 | M | 3,649 | D | — | — | Common Stock | 3,649 | 0 | D |
Explanation of responses
- F1The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2018.
- F2Vests ratably over three years beginning on the date shown.
- F3Each 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.
- F4Each 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.