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: Houston Matthew David (General Counsel/Secretary)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option	$22.20	2015-01-23	Common Stock (10000)		Direct

Footnotes

F1: The options constitute a sign-on grant upon the reporting person's commencement of employment.

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.