SEC Form 4 · accession 0001209191-15-071184
STEPAN CO · SCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory Servatius
Officer — VP of Human Resources
Period of report
Sep 15, 2015
Accepted (ET)
Sep 17, 2015 · 4:55 pm EDT
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 | Sep 15, 2015 | A | 80 | $40.58 | A | 23,541 | D | |
| Common StockF2 | holding | — | — | — | 11,451 | I | By ESOP II Trust | |
| Common Stock | holding | — | — | — | 498,941 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share UnitsF3,F6,F4,F5 | — | Sep 15, 2015 | A | 29 | A | — | — | Common Stock | 29 | 6,543 | D |
Explanation of responses
- F1Reflects acquisition of deferred share units under the Performance Award Deferred Compensation Plan ("Plan") pursuant to a dividend equivalent feature of the Plan.
- F2Due to a prior administrative error, the shares reported in Column 5 of Table I on the Reporting Person's last ownership report filed on June 16, 2015, were overstated by 200 shares. The amount reported on this report reflects the correct amount of shares owned for ESOP II acquisitions that have occurred since the Reporting Person's last ownership report covering ESOP II holdings.
- F3Share 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.
- F4Share Units convert on a one-for-one basis into Common Stock.
- F5Reflects acquisition of Share Units pursuant to a dividend equivalent feature of the MIP, generally payable at end of employment, unless otherwise elected.
- F6Price reported is the price of Common Stock on the date the dividend equivalents are payable pursuant to a dividend equivalent feature of the MIP.