STEPAN CO 4
4 · STEPAN CO · Filed Jul 5, 2017
Insider Transaction Report
Form 4
STEPAN COSCL
STEPAN F QUINN
DirectorChairman10% Owner
Transactions
- Exercise/Conversion
Common Stock
2017-07-03+42,515.772→ 330,477.772 total - Disposition to Issuer
Common Stock
2017-07-03$87.83/sh−42,515.772$3,734,160→ 287,962 total - Exercise/Conversion
Share Units
2017-07-03−42,515.772→ 385,041.688 total→ Common Stock (42,515.772 underlying)
Holdings
- 170,269(indirect: By Spouse)
Common Stock
- 102.456(indirect: By Trust)
Common Stock
- 517,520(indirect: By Partnership)
Common Stock
Footnotes (5)
- [F1]Share Units converted on a one-for-one basis into Common Stock. The Share Units were 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.
- [F2]The Share Units were settled in cash pursuant to the terms of the MIP. Pursuant to the terms of the MIP, amounts deferred are distributed to MIP participants in accordance with the terms of the MIP.
- [F3]Share Units were acquired under the MIP.
- [F4]Share Units convert on a one-for-one basis into Common Stock
- [F5]Amounts deferred into Share Units are distributed to the participant in ten installments following the end of employment.