STEPAN CO

Ticker: SCL CUSIP: 858586100 Class: Common Stock

CAPITAL MANAGEMENT ASSOCIATES /NY/'s Holding History (CIK: 0000825293)

Note: Option positions (PUT/CALL) are excluded.

Q4 2019

Shares 4,500 Value ($000) $461 Avg Close $97.44 Range $92.96 - $102.96

Q3 2019

Shares 4,500 Value ($000) $437 Avg Close $94.89 Range $88.98 - $101.84

Q2 2019

Shares 4,500 Value ($000) $414 Avg Close $89.22 Range $82.98 - $93.79

Q1 2019

Shares 4,500 Value ($000) $394 Avg Close $86.75 Range $72.11 - $95.32

Q4 2018

Shares 4,500 Value ($000) $333 Avg Close $81.38 Range $69.17 - $88.77

Q3 2018

Shares 4,500 Value ($000) $392 Avg Close $86.13 Range $76.91 - $90.96

Q2 2018

Shares 4,500 Value ($000) $351 Avg Close $76.34 Range $68.09 - $89.91

Q1 2018

Shares 4,500 Value ($000) $374 Avg Close $79.22 Range $68.75 - $87.44

Q4 2017

Shares 4,500 Value ($000) $355 Avg Close $82.11 Range $77.79 - $89.18

Q3 2017

Shares 4,500 Value ($000) $376 Avg Close $82.22 Range $75.36 - $92.97

Q2 2017

Shares 7,000 Value ($000) $610 Avg Close $84.09 Range $75.38 - $90.66

Q1 2017

Shares 7,000 Value ($000) $552 Avg Close $78.04 Range $68.51 - $82.93

Q4 2016

Shares 10,000 Value ($000) $815 Avg Close $77.15 Range $67.85 - $87.00

Q3 2016

Shares 10,000 Value ($000) $727 Avg Close $67.18 Range $56.89 - $73.90

Q2 2016

Shares 10,000 Value ($000) $595 Avg Close $58.72 Range $54.00 - $63.32

Q1 2016

Shares 10,000 Value ($000) $553 Avg Close $48.10 Range $41.42 - $56.50

Q4 2015

Shares 10,000 Value ($000) $497 Avg Close $50.10 Range $40.72 - $54.87

Q3 2015

Shares 10,000 Value ($000) $416 Avg Close $46.57 Range $40.49 - $55.67

Q2 2015

Shares 10,000 Value ($000) $541 Avg Close $49.34 Range $41.34 - $55.22

Q1 2015

Shares 10,000 Value ($000) $417 Avg Close $39.81 Range $37.20 - $41.80

Q4 2014

Shares 10,000 Value ($000) $401 Avg Close $42.47 Range $36.34 - $46.85

Q3 2014

Shares 10,000 Value ($000) $444 Avg Close $48.97 Range $44.22 - $54.14

Q2 2014

Shares 10,000 Value ($000) $529 Avg Close $56.15 Range $50.98 - $66.51

Q1 2014

Shares 10,000 Value ($000) $646 Avg Close $62.71 Range $59.17 - $65.49

Q4 2013

Shares 10,000 Value ($000) $656 Avg Close $61.02 Range $56.06 - $67.20

Q3 2013

Shares 10,000 Value ($000) $577 Avg Close $57.91 Range $55.51 - $60.31

Q2 2013

Shares 10,000 Value ($000) $556 Avg Close $56.48 Range $52.34 - $63.27

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	4,500	$461	$97.44	$92.96 - $102.96
Q3 2019	4,500	$437	$94.89	$88.98 - $101.84
Q2 2019	4,500	$414	$89.22	$82.98 - $93.79
Q1 2019	4,500	$394	$86.75	$72.11 - $95.32
Q4 2018	4,500	$333	$81.38	$69.17 - $88.77
Q3 2018	4,500	$392	$86.13	$76.91 - $90.96
Q2 2018	4,500	$351	$76.34	$68.09 - $89.91
Q1 2018	4,500	$374	$79.22	$68.75 - $87.44
Q4 2017	4,500	$355	$82.11	$77.79 - $89.18
Q3 2017	4,500	$376	$82.22	$75.36 - $92.97
Q2 2017	7,000	$610	$84.09	$75.38 - $90.66
Q1 2017	7,000	$552	$78.04	$68.51 - $82.93
Q4 2016	10,000	$815	$77.15	$67.85 - $87.00
Q3 2016	10,000	$727	$67.18	$56.89 - $73.90
Q2 2016	10,000	$595	$58.72	$54.00 - $63.32
Q1 2016	10,000	$553	$48.10	$41.42 - $56.50
Q4 2015	10,000	$497	$50.10	$40.72 - $54.87
Q3 2015	10,000	$416	$46.57	$40.49 - $55.67
Q2 2015	10,000	$541	$49.34	$41.34 - $55.22
Q1 2015	10,000	$417	$39.81	$37.20 - $41.80
Q4 2014	10,000	$401	$42.47	$36.34 - $46.85
Q3 2014	10,000	$444	$48.97	$44.22 - $54.14
Q2 2014	10,000	$529	$56.15	$50.98 - $66.51
Q1 2014	10,000	$646	$62.71	$59.17 - $65.49
Q4 2013	10,000	$656	$61.02	$56.06 - $67.20
Q3 2013	10,000	$577	$57.91	$55.51 - $60.31
Q2 2013	10,000	$556	$56.48	$52.34 - $63.27