BALCHEM CORP — Director's Dealing 2004

Jun 25, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALCHEM CORP (bcp)
CIK: 0000009326
Period of Report: 2004-06-23

Reporting Person: LUDWIG DAVID F (VP, Gen Mgr ARC Spec Products)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-06-23	Balchem Corporation	M	15000	$6.63	Acquired	15965	Direct
2004-06-23	Balchem Corporation	M	800	$6.35	Acquired	16765	Direct
2004-06-23	Balchem Corporation	M	4000	$11.13	Acquired	20765	Direct
2004-06-23	Balchem Corporation	M	5000	$12	Acquired	25765	Direct