BALCHEM CORP — Director's Dealing 2006

Oct 5, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALCHEM CORP (BCP)
CIK: 0000009326
Period of Report: 2006-10-04

Reporting Person: ROSSI DINO A (President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-04	Common Stock	M	5050	$4.78	Acquired	29258	Direct
2006-10-04	Common Stock	S	100	$19.21	Disposed	29158	Direct
2006-10-04	Common Stock	S	100	$19.22	Disposed	29058	Direct
2006-10-04	Common Stock	S	100	$19.26	Disposed	28958	Direct
2006-10-04	Common Stock	S	100	$19.59	Disposed	28858	Direct
2006-10-04	Common Stock	S	150	$19.73	Disposed	28708	Direct
2006-10-04	Common Stock	S	400	$19.17	Disposed	28308	Direct
2006-10-04	Common Stock	S	2000	$19.16	Disposed	26308	Direct
2006-10-04	Common Stock	S	1100	$19.15	Disposed	25208	Direct
2006-10-04	Common Stock	S	400	$19.19	Disposed	24808	Direct
2006-10-04	Common Stock	S	100	$19.30	Disposed	24708	Direct
2006-10-04	Common Stock	S	400	$19.20	Disposed	24308	Direct
2006-10-04	Common Stock	S	100	$19.18	Disposed	24208	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-04	Employee Stock Option (right to buy)	$4.78	M	5050	Acquired	2007-10-17	Common Stock (7000)	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