BALCHEM CORP — Director's Dealing 2006

Dec 12, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALCHEM CORP (BCP)
CIK: 0000009326
Period of Report: 2006-12-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-08	Common Stock	A	1000	$.0666	Acquired	1000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-08	Employee Stock Option (right to buy)	$26.71	A	3000	Acquired	2016-12-07	Common Stock (0)	Direct

Footnotes

F1: The purchased stock is subject to a repurchase option in favor of the Issuer and to restrictions on transfer until it vests
in accordance with the provisions of the Restricted Stock Purchase Agreement dated December 08, 2006 between the Issuer and
the Reporting Person.

F2: Options vest 20% year 1; 40% year 2; and 40% year 3