BALCHEM CORP — Director's Dealing 2006

Feb 28, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALCHEM CORP (BCP)
CIK: 0000009326
Period of Report: 2006-02-24

Reporting Person: MITCHELL KENNETH P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-24	Common Stock	M	500	$8.4	Acquired	6012	Direct
2006-02-24	Common Stock	S	500	$22.188	Disposed	5512	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-24	Non-Qualified Stock Option	$8.4	M	500	Disposed	2013-02-17	Common Stock (1752)	Direct

Footnotes

F1: Adjusted for 12/30/2005 and 2004 3 for 2 stock split.