BALCHEM CORP — Director's Dealing 2006

Dec 6, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALCHEM CORP (BCP)
CIK: 0000009326
Period of Report: 2006-11-04

Reporting Person: ROSSI DINO A (President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-04	Common Stock	M	6750	$2.52	Acquired	30958	Direct
2006-12-05	Common Stock	M	5050	$4.78	Acquired	36008	Direct
2006-12-05	Common Stock	S	5050	$26.5755	Disposed	30958	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-04	Employee Stock Option (right to buy)	$2.52	M	6750	Acquired	2006-12-13	Common Stock (6750)	Direct
2006-12-05	Employee Stock Option (right to buy)	$4.78	M	5050	Acquired	2007-10-17	Common Stock (5050)	Direct

Footnotes

F1: Sale of shares pursuant to Rule 10b5-1 adopted on September 20, 2006

F2: Options Vest 20% year 1, 40% year 2, 40% year 3