BALCHEM CORP — Director's Dealing 2015

Feb 27, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALCHEM CORP (BCPC)
CIK: 0000009326
Period of Report: 2015-02-19

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-19	Common Stock	A	1695	—	Acquired	32726	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-19	Employee Stock Option (right to buy)	$58.52	A	5385	Acquired	2025-02-19	Common Stock (00)	Direct

Footnotes

F1: Ownership of restricted stock does not vest in Reporting person until four years from the grant date and is further subject to restrictions on transfer in accordance with the provisions of the Restricted Stock Agreement between the Issuer and the Reporting Person.

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