BALCHEM CORP — Director's Dealing 2007

Feb 5, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALCHEM CORP (BCP)
CIK: 0000009326
Period of Report: 2007-02-01

Reporting Person: ROSSI DINO A (President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-01	Common Stock	M	7000	$3.19	Acquired	53437	Direct
2007-02-01	Common Stock	S	7000	$15.23	Disposed	46437	Direct
2007-02-02	Common Stock	M	7000	$3.19	Acquired	53437	Direct
2007-02-02	Common Stock	S	7000	$15.08	Disposed	46437	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-01	Employee Stock Option (right to buy)	$3.19	M	7000	Acquired	2007-10-17	Common Stock (7000)	Direct
2007-02-01	Employee Stock Option (right to buy)	$3.19	M	7000	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