BALCHEM CORP — Director's Dealing 2005

Jan 6, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALCHEM CORP (BCP)
CIK: 0000009326
Period of Report: 2005-01-04

Reporting Person: MITCHELL KENNETH P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-04	Common Stock	M	4212	$21.35	Acquired	6712	Direct
2005-01-04	Common Stock	S	2000	$33.60	Disposed	4712	Direct
2005-01-04	Common Stock	S	212	$33.60	Disposed	4500	Direct
2005-01-04	Common Stock	S	1000	$33.00	Disposed	3500	Direct
2005-01-04	Common Stock	S	100	$33.00	Disposed	3400	Direct
2005-01-04	Common Stock	S	900	$33.00	Disposed	2500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-04	Non-Qualified Stock Option	$21.35	M	4212	Disposed	2010-12-31	Common Stock (4212)	Direct