BALCHEM CORP — Director's Dealing 2005

Mar 15, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALCHEM CORP (BCP)
CIK: 0000009326
Period of Report: 2005-03-11

Reporting Person: MINIGER ROBERT T (Vice President-Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-03-11	Common Stock	M	22500	$9.33	Acquired	0	Direct
2005-03-11	Common Stock	M	1704	$15.37	Acquired	0	Direct
2005-03-11	Common Stock	M	3000	$14.10	Acquired	27204	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-03-11	Employee Stock Option (Right to Buy)	$9.33	M	22500	Disposed	2011-03-25	Common Stock (22500)	Direct
2005-03-11	Employee Stock Option (Right to Buy)	$15.37	M	1704	Disposed	2012-09-11	Common Stock (1704)	Direct
2005-03-11	Employee Stock Option (Right to Buy)	$14.10	M	3000	Disposed	2011-10-24	Common Stock (3000)	Direct