STEPAN CO

Ticker: SCL CUSIP: 858586100 Class: Common Stock

Empirical Finance, LLC's Holding History (CIK: 0001572838)

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

Q4 2016

Shares 168 Value ($000) $14 Avg Close $77.15 Range $67.85 - $87.00

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	168	$14	$77.15	$67.85 - $87.00