STEPAN CO

Ticker: SCL CUSIP: 858586100 Class: Common Stock

SCHWARTZ INVESTMENT COUNSEL INC's Holding History (CIK: 0000909151)

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

Q4 2013

Shares 80,000 Value ($000) $5,250 Avg Close $61.02 Range $56.06 - $67.20

Q3 2013

Shares 80,000 Value ($000) $4,618 Avg Close $57.91 Range $55.51 - $60.31

Q2 2013

Shares 80,000 Value ($000) $4,449 Avg Close $56.48 Range $52.34 - $63.27

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	80,000	$5,250	$61.02	$56.06 - $67.20
Q3 2013	80,000	$4,618	$57.91	$55.51 - $60.31
Q2 2013	80,000	$4,449	$56.48	$52.34 - $63.27