BALCHEM CORP - Director's Dealing 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALCHEM CORP (BCP)
CIK: 0000009326
Period of Report: 2006-12-01

Reporting Person: ROSSI DINO A (President and CEO)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-01	Common Stock	M	7000	$4.78	Acquired	31208	Direct
2006-12-01	Common Stock	S	7000	$25.3274	Disposed	24208	Direct
2006-12-04	Common Stock	M	7000	$4.78	Acquired	31208	Direct
2006-12-04	Common Stock	S	7000	$26.637	Disposed	24208	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-01	Employee Stock Option (right to buy)	$4.78	M	7000	Acquired	2007-10-17	Common Stock (7000)	Direct
2006-12-04	Employee Stock Option (right to buy)	$4.78	M	7000	Acquired	2007-10-17	Common Stock (7000)	Direct

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