BALCHEM CORP — Director's Dealing 2004

Oct 4, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALCHEM CORP (BCP)
CIK: 0000009326
Period of Report: 2004-09-30

Reporting Person: MCDERMOTT FRANCIS X (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-30	Common Stock	M	2436	$5.38	Acquired	40286	Direct
2004-09-30	Common Stock	M	564	$8	Acquired	40286	Direct
2004-09-30	Common Stock	S	1000	$30	Disposed	39286	Direct
2004-09-30	Common Stock	S	2000	$29.50	Disposed	37286	Direct
2004-10-01	Common Stock	M	800	$8	Acquired	37286	Direct
2004-10-01	Common Stock	S	800	$29.9225	Disposed	36486	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-30	Non-Qualified Stock Option	$5.38	M	2436	Disposed	2008-12-31	Common Stock (2436)	Direct
2004-09-30	Non-Qualified Stock Option	$8	M	564	Disposed	2009-12-31	Common Stock (564)	Direct
2004-10-01	Non-Qualified Stock Option	$8	M	800	Disposed	2009-12-31	Common Stock (800)	Direct

Footnotes

F1: Includes options to purchase 19,230 shares and 17,256 shares held individually.