QUAKER CHEMICAL CORP — Director's Dealing 2003

Nov 5, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUAKER CHEMICAL CORP (KWR)
CIK: 0000081362
Period of Report: 2003-11-04

Reporting Person: PLATZER L WILBERT (VP - Worldwide Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-04	Common Stock	M	2000	$16.50	Acquired	3663	Direct
2003-11-04	Common Stock	S	2000	$26.00	Disposed	1663	Direct
2003-11-04	Common Stock	M	2800	$14.3438	Acquired	4463	Direct
2003-11-04	Common Stock	S	1800	$26.00	Disposed	2663	Direct
2003-11-04	Common Stock	S	400	$26.15	Disposed	2263	Direct
2003-11-04	Common Stock	S	600	$26.20	Disposed	1663	Direct
2003-11-04	Common Stock	M	2800	$14.7188	Acquired	4463	Direct
2003-11-04	Common Stock	S	400	$26.20	Disposed	4063	Direct
2003-11-04	Common Stock	S	400	$26.35	Disposed	3663	Direct
2003-11-04	Common Stock	S	1000	$26.50	Disposed	2663	Direct
2003-11-04	Common Stock	S	1000	$26.70	Disposed	1663	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-04	Stock Options (Right to Buy)	$14.3438	M	2800	Disposed	2006-03-17	Common Stock (2800)	Direct
2003-11-04	Stock Options (Right to Buy)	$14.7188	M	2800	Disposed	2007-01-18	Common Stock (2800)	Direct
2003-11-04	Stock Options (Right to Buy)	$16.50	M	2000	Disposed	2008-09-16	Common Stock (2000)	Direct

Footnotes

F1: Includes 197 shares acquired under the Company's Employee Stock Purchase Plan between March 31, 2003 and October 31, 2003.

F2: Employee stock option (right to buy) exercisable in three annual installments (50% after year one; 25% after year two; and 25% after year three).