SEC Form 4 · accession 0001127602-19-009512
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
Mar 1, 2019
Accepted (ET)
Mar 4, 2019 · 4:55 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 | Mar 1, 2019 | M | 18,476 | $42.765 | A | 202,576 | D | |
| Common StockF1 | Mar 1, 2019 | S | 12,889 | $93.8275 | D | 189,687 | D | |
| Common StockF2 | holding | — | — | — | 106,672 | D | ||
| Common Stock | holding | — | — | — | 11,274 | I | By Esop II Trust | |
| 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 | — | — | — | 401,210 | I | Member Of Plan Committee Of Stepan Company |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F4 | $42.765 | Mar 1, 2019 | M | 18,476 | D | Feb 14, 2014 | Feb 13, 2022 | Common Stock | 18,476 | 0 | D |
Explanation of responses
- F1The price reported is a weighted average price. Shares were sold in a series of transactions within the same trading day at prices ranging from $93.48 to $94.19, inclusive. Full information regarding the number of shares sold at each separate price is available upon request by the Commission staff, the issuer, or a security holder of the issuer.
- 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 Employee Stock Option (Right to Buy) 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.