BALCHEM CORP — Director's Dealing 2009

Dec 11, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALCHEM CORP (BCPC)
CIK: 0000009326
Period of Report: 2009-12-09

Reporting Person: LUDWIG DAVID F (VP/Gen Mgr/ARC Spec Prods)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-12-09	Common Stock	A	2100	$.0667	Acquired	17735	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-12-09	Employee Stock Option (right to buy)	$32.08	A	20000	Acquired	2019-12-09	Common Stock (0)	Direct

Footnotes

F1: The 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 10, 2009 between the Issuer and the
Reporting Person.

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