BALCHEM CORP — Director's Dealing 2005

Jul 6, 2005

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: BALCHEM CORP (BCP)
CIK: 0000009326
Period of Report: 2005-06-24

Reporting Person: Richardson Paul H (V.P. Research and Development)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option	$14.10	2011-10-24	Common Stock (1500)		Direct
Incentive Stock Option	$15.37	2012-09-11	Common Stock (1950)		Direct
Incentive Stock Option	$15.23	2013-12-11	Common Stock (6000)		Direct
Incentive Stock Option	$19.73	2014-09-15	Common Stock (15000)		Direct
Incentive Stock Option	$29.67	2015-06-23	Common Stock (10000)		Direct

Footnotes

F1: The options constitute sign-on grant upon the reporting person's commencement of employment and other merit award grants.

F2: 20% of the options granted become exercisable on the indicated date (which is the first anniversary of the date of grant). An
additional 40% of the options granted become exercisable on the second anniversary of the date of grant, and an additional
40% of the options granted become exercisable on the third anniversary of the date of grant.