STEPAN CO 4
4 · STEPAN CO · Filed Dec 17, 2013
Insider Transaction Report
Form 4
STEPAN COSCL
WOOD ROBERT JOHN
V.P. & General Manager
Transactions
- Award
Share Units
2013-12-13$63.39/sh+78.47$4,974→ 29,338.334 total→ Common Stock (78.47 underlying)
Footnotes (4)
- [F1]Share Units are acquired under the Management Incentive Plan Amended and Restated as of January 1, 2010 ("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]Share Units convert on a one-for-one basis into Common Stock.
- [F3]Reflects acquisition of Share Units pursuant to a dividend equivalent feature of the MIP, generally payable at end of employment, unless otherwise elected.
- [F4]Price reported is the price of Common Stock on the date the dividend equivalents are payable pursuant to a dividend equivalent feature of the MIP.