BALCHEM CORP — Director's Dealing 2015

May 12, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALCHEM CORP (BCPC)
CIK: 0000009326
Period of Report: 2015-05-11

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-11	Common Stock	M	4701	$13.61	Acquired	37669	Direct
2015-05-11	Common Stock	S	4701	$57.161	Disposed	32968	Direct
2015-05-12	Common Stock	M	549	$13.61	Acquired	33517	Direct
2015-05-12	Common Stock	S	549	$56.2177	Disposed	32968	Direct
2015-05-12	Common Stock	M	9750	$17.28	Acquired	42718	Direct
2015-05-12	Common Stock	S	9750	$56.2177	Disposed	32968	Direct

Footnotes

F1: Sale of shares pursuant to Rule 10b5-1 adopted on December 3, 2014.