SEC Form 4 · accession 0001209191-16-102515
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 23, 2016
Accepted (ET)
Feb 25, 2016 · 6:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000094049
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Right | $43.85 | Feb 23, 2016 | A | 12,262 | A | Feb 23, 2018 | Feb 22, 2026 | Common Stock | 12,262 | 12,262 | D |
| Employee Stock Option (Right to Buy) | $43.85 | Feb 23, 2016 | A | 4,087 | A | Feb 23, 2018 | Feb 22, 2026 | Common Stock | 4,087 | 4,087 | D |
| Performance SharesF1 | — | Feb 23, 2016 | A | 3,649 | A | — | — | Common Stock | 3,649 | 3,649 | D |
Explanation of responses
- F1Each 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.