BALCHEM CORP — Director's Dealing 2006

Mar 1, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALCHEM CORP (BCP)
CIK: 0000009326
Period of Report: 2006-02-27

Reporting Person: Houston Matthew David (General Counsel, Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-27	Common Stock	M	2300	$14.8	Acquired	2300	Direct
2006-02-27	Common Stock	S	2300	$22.3065	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-27	Employee Stock Option (right to buy)	$14.8	M	2300	Disposed	2015-09-16	Common Stock (2300)	Direct