STEPAN CO

Ticker: SCL CUSIP: 858586100 Class: Common Stock

MORGAN DEMPSEY CAPITAL MANAGEMENT LLC's Holding History (CIK: 0001050463)

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

Q4 2014

Shares 33,387 Value ($000) $1,338 Avg Close $42.47 Range $36.34 - $46.85

Q3 2014

Shares 40,798 Value ($000) $1,811 Avg Close $48.97 Range $44.22 - $54.14

Q2 2014

Shares 37,480 Value ($000) $1,981 Avg Close $56.15 Range $50.98 - $66.51

Q1 2014

Shares 35,646 Value ($000) $2,301 Avg Close $62.71 Range $59.17 - $65.49

Q4 2013

Shares 28,239 Value ($000) $1,853 Avg Close $61.02 Range $56.06 - $67.20

Q3 2013

Shares 27,409 Value ($000) $1,582 Avg Close $57.91 Range $55.51 - $60.31

Q2 2013

Shares 26,655 Value ($000) $1,482 Avg Close $56.48 Range $52.34 - $63.27

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	33,387	$1,338	$42.47	$36.34 - $46.85
Q3 2014	40,798	$1,811	$48.97	$44.22 - $54.14
Q2 2014	37,480	$1,981	$56.15	$50.98 - $66.51
Q1 2014	35,646	$2,301	$62.71	$59.17 - $65.49
Q4 2013	28,239	$1,853	$61.02	$56.06 - $67.20
Q3 2013	27,409	$1,582	$57.91	$55.51 - $60.31
Q2 2013	26,655	$1,482	$56.48	$52.34 - $63.27