Statement of Changes in Beneficial Ownership (4)
November 09 2021 - 03:23PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
|
OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
|
|
1. Name
and Address of Reporting Person * Rojo Luis |
2. Issuer Name and Ticker or Trading
Symbol STEPAN CO [ SCL ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
VP & Chief Financial Officer |
(Last)
(First)
(Middle)
1101 SKOKIE BOULEVARD, SUITE 500 |
3. Date of Earliest Transaction (MM/DD/YYYY)
11/5/2021
|
(Street)
NORTHBROOK, IL 60062
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Stock |
11/5/2021 |
|
M(1) |
|
2000 |
A |
$70.86 |
4210 |
D |
|
Common Stock |
11/5/2021 |
|
D(2) |
|
1135 |
D |
$124.95 |
3075 |
D |
|
Common Stock |
11/5/2021 |
|
F(3) |
|
254 |
D |
$124.95 |
2821 |
D |
|
Common Stock |
11/5/2021 |
|
M(1) |
|
1000 |
A |
$70.86 |
3821 |
D |
|
Common Stock |
11/5/2021 |
|
D(2) |
|
552 |
D |
$128.35 |
3269 |
D |
|
Common Stock |
11/5/2021 |
|
F(3) |
|
132 |
D |
$128.35 |
3137 |
D |
|
Common Stock |
11/5/2021 |
|
S |
|
800 |
D |
$125.015 (4) |
2337 |
D |
|
Common Stock |
11/5/2021 |
|
S |
|
300 |
D |
$125.88 (5) |
2037 |
D |
|
Common Stock |
11/8/2021 |
|
M(1) |
|
1000 |
A |
$70.86 |
3037 |
D |
|
Common Stock |
11/8/2021 |
|
D(2) |
|
553 |
D |
$128.22 |
2484 |
D |
|
Common Stock |
11/8/2021 |
|
F(3) |
|
131 |
D |
$128.22 |
2353 |
D |
|
Common Stock |
11/8/2021 |
|
S |
|
900 |
D |
$128.147 |
1453 |
D |
|
Common Stock |
|
|
|
|
|
|
|
232.587 (6) |
I |
By Esop II Trust |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Stock Appreciation Right |
$70.86 |
11/5/2021 |
|
M |
|
|
2000 |
5/2/2019 (7) |
5/1/2028 |
Common Stock |
2000 |
$0 |
7221 |
D |
|
Stock Appreciation Right |
$70.86 |
11/5/2021 |
|
M |
|
|
1000 |
5/2/2019 (7) |
5/1/2028 |
Common Stock |
1000 |
$0 |
6221 |
D |
|
Stock Appreciation Right |
$70.86 |
11/8/2021 |
|
M |
|
|
1000 |
5/2/2019 (7) |
5/1/2028 |
Common Stock |
1000 |
$0 |
5221 |
D |
|
Share Units |
(8) |
|
|
|
|
|
|
(9) |
(9) |
Common Stock |
2223.907 |
|
2223.907 (6) |
D |
|
Explanation of
Responses: |
(1) |
The Stock Appreciation
Rights ("SARS") were settled in shared of common stock as per the
terms of the award. |
(2) |
Deemed disposition of
underlying common stock to the issuer in an amount equal to the
conversion price of the SARs. |
(3) |
Withholding of shares to
satisfy tax liability on exercise of SARs. |
(4) |
The price reported is a
weighted average price. Shares were sold in a series of
transactions within the same trading day at prices ranging from
$124.738 to $125.51, 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. |
(5) |
The price reported is a
weighted average price. Shares were sold in a series of
transactions within the same trading day at prices ranging from
$125.78 to $126.01, 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. |
(6) |
Includes exempt acquisitions
under Rule 16a-11 pursuant to dividend reinvestments since the date
of the reporting person's last report. |
(7) |
Vests ratably over three
years beginning on the date shown. |
(8) |
Share units convert on a
one-for-one basis into Common Stock. |
(9) |
Share 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. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Rojo Luis
1101 SKOKIE BOULEVARD, SUITE 500
NORTHBROOK, IL 60062 |
|
|
VP & Chief Financial Officer |
|
Signatures
|
/s/ Stephanie J. Pacitti, Attorney-in-Fact for
Luis Rojo |
|
11/9/2021 |
**Signature of Reporting
Person |
Date |
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