STEPAN CO

Ticker: SCL CUSIP: 858586100 Class: Common Stock

GAM Holding AG's Holding History (CIK: 0001438848)

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

Q4 2015

Shares 1,365 Value ($000) $68 Avg Close $50.10 Range $40.72 - $54.87

Q1 2015

Shares 1,014 Value ($000) $42 Avg Close $39.81 Range $37.20 - $41.80

Q4 2014

Shares 945 Value ($000) $38 Avg Close $42.47 Range $36.34 - $46.85

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	1,365	$68	$50.10	$40.72 - $54.87
Q1 2015	1,014	$42	$39.81	$37.20 - $41.80
Q4 2014	945	$38	$42.47	$36.34 - $46.85