BALCHEM CORP — Director's Dealing 2005

Feb 22, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALCHEM CORP (BCP)
CIK: 0000009326
Period of Report: 2005-02-18

Reporting Person: AMMIDON HOYT JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-02-18	Common Stock	M	1500	$14.10	Acquired	1500	Direct
2005-02-18	Common Stock	M	1053	$14.23	Acquired	2553	Direct
2005-02-18	Common Stock	M	9168	$21.61	Acquired	11721	Direct
2005-02-18	Common Stock	S	11721	$22.50	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-02-18	Non-Qualified Stock Option	$14.10	M	1500	Disposed	2011-10-25	Common Stock (1500)	Direct
2005-02-18	Non-Qualified Stock Option	$14.23	M	1053	Disposed	2011-12-31	Common Stock (1053)	Direct
2005-02-18	Non-Qualified Stock Option	$12.61	M	9168	Disposed	2013-02-14	Common Stock (9168)	Direct