BALCHEM CORP — Director's Dealing 2004

Dec 8, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALCHEM CORP (BCP)
CIK: 0000009326
Period of Report: 2004-12-06

Reporting Person: ROSSI DINO A (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-06	Common Stock	M	25000	$10.75	Acquired	34258	Direct
2004-12-06	Common Stock	S	2300	$31.99	Disposed	31958	Direct
2004-12-06	Common Stock	S	1500	$31.90	Disposed	30458	Direct
2004-12-06	Common Stock	S	3000	$31.95	Disposed	27458	Direct
2004-12-06	Common Stock	S	4500	$32	Disposed	22958	Direct
2004-12-06	Common Stock	S	400	$32.05	Disposed	22558	Direct
2004-12-06	Common Stock	S	3000	$32	Disposed	19558	Direct
2004-12-06	Common Stock	S	6490	$31.95	Disposed	13068	Direct
2004-12-06	Common Stock	S	1310	$31.90	Disposed	11758	Direct
2004-12-06	Common Stock	S	1300	$31.91	Disposed	10458	Direct
2004-12-06	Common Stock	S	1000	$31.96	Disposed	9458	Direct
2004-12-06	Common Stock	S	200	$32.25	Disposed	9258	Direct
2004-12-07	Common Stock	M	2400	$5.92	Acquired	11658	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-06	Non-Qualified Stock Option	$10.75	M	25000	Disposed	2007-10-17	Common Stock (25000)	Direct
2004-12-07	Incentive Stock Option	$5.92	M	2400	Acquired	2006-04-01	Common Stock (2400)	Direct