STEPAN CO

Ticker: SCL CUSIP: 858586100 Class: Common Stock

NICHOLAS COMPANY, INC.'s Holding History (CIK: 0000903949)

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

Q1 2015

Shares 665,218 Value ($000) $27,712 Avg Close $39.81 Range $37.20 - $41.80

Q4 2014

Shares 807,078 Value ($000) $32,347 Avg Close $42.47 Range $36.34 - $46.85

Q3 2014

Shares 783,778 Value ($000) $34,784 Avg Close $48.97 Range $44.22 - $54.14

Q2 2014

Shares 682,013 Value ($000) $36,051 Avg Close $56.15 Range $50.98 - $66.51

Q1 2014

Shares 705,290 Value ($000) $45,533 Avg Close $62.71 Range $59.17 - $65.49

Q4 2013

Shares 745,744 Value ($000) $48,943 Avg Close $61.02 Range $56.06 - $67.20

Q3 2013

Shares 775,744 Value ($000) $44,783 Avg Close $57.91 Range $55.51 - $60.31

Q2 2013

Shares 781,909 Value ($000) $43,481 Avg Close $56.48 Range $52.34 - $63.27

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	665,218	$27,712	$39.81	$37.20 - $41.80
Q4 2014	807,078	$32,347	$42.47	$36.34 - $46.85
Q3 2014	783,778	$34,784	$48.97	$44.22 - $54.14
Q2 2014	682,013	$36,051	$56.15	$50.98 - $66.51
Q1 2014	705,290	$45,533	$62.71	$59.17 - $65.49
Q4 2013	745,744	$48,943	$61.02	$56.06 - $67.20
Q3 2013	775,744	$44,783	$57.91	$55.51 - $60.31
Q2 2013	781,909	$43,481	$56.48	$52.34 - $63.27