SEC Form 4 · accession 0001127602-19-008778
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 25, 2019
Accepted (ET)
Feb 27, 2019 · 7:07 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 25, 2019 | M | 18,476 | $42.765 | A | 202,576 | D | |
| Common Stock | Feb 25, 2019 | D | 18,476 | $94.73 | D | 184,100 | D | |
| 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 | |
| Common Stock | holding | — | — | — | 11,274 | 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 RightF4 | $42.765 | Feb 25, 2019 | M | 18,476 | D | Feb 14, 2014 | Feb 13, 2022 | Common Stock | 18,476 | 0 | D |
Explanation of responses
- F1The stock appreciation rights ("SARs") were settled in cash as per 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.
- 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.
- F4This award of SARs was previously reported as covering 9,238 shares of common stock at an exercise price of $85.53 per share, but has been adjusted to reflect the November 30, 2012 two-for-one stock split.