STEPAN CO

Ticker: SCL CUSIP: 858586100 Class: Common Stock

CAPITAL FUND MANAGEMENT S.A.'s Holding History (CIK: 0001323645)

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

Q1 2018

Shares 3,800 Value ($000) $316 Avg Close $79.22 Range $68.75 - $87.44

Q1 2017

Shares 19,300 Value ($000) $1,521 Avg Close $78.04 Range $68.51 - $82.93

Q1 2016

Shares 15,600 Value ($000) $863 Avg Close $48.10 Range $41.42 - $56.50

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	3,800	$316	$79.22	$68.75 - $87.44
Q1 2017	19,300	$1,521	$78.04	$68.51 - $82.93
Q1 2016	15,600	$863	$48.10	$41.42 - $56.50