QUAKER CHEMICAL CORP — Director's Dealing 2003

Sep 22, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUAKER CHEMICAL CORP (KWR)
CIK: 0000081362
Period of Report: 2003-09-19

Reporting Person: BARRY MICHAEL F (VP & CFO & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-19	Common Stock	M	6628	$14.7188	Acquired	13084	Direct
2003-09-19	Common Stock	S	128	$24.8	Disposed	12956	Direct
2003-09-19	Common Stock	S	800	$24.81	Disposed	12156	Direct
2003-09-19	Common Stock	S	100	$24.82	Disposed	12056	Direct
2003-09-19	Common Stock	S	200	$24.83	Disposed	11856	Direct
2003-09-19	Common Stock	S	300	$24.85	Disposed	11556	Direct
2003-09-19	Common Stock	S	100	$24.89	Disposed	11456	Direct
2003-09-19	Common Stock	S	400	$24.9	Disposed	11056	Direct
2003-09-19	Common Stock	S	2200	$24.95	Disposed	8856	Direct
2003-09-19	Common Stock	S	400	$24.98	Disposed	8456	Direct
2003-09-19	Common Stock	S	100	$25.15	Disposed	8356	Direct
2003-09-19	Common Stock	S	100	$25.16	Disposed	8256	Direct
2003-09-19	Common Stock	S	300	$25.3	Disposed	7956	Direct
2003-09-19	Common Stock	S	100	$25.32	Disposed	7856	Direct
2003-09-19	Common Stock	S	400	$25.4	Disposed	7456	Direct
2003-09-19	Common Stock	S	100	$25.42	Disposed	7356	Direct
2003-09-19	Common Stock	S	100	$25.43	Disposed	7256	Direct
2003-09-19	Common Stock	S	100	$25.45	Disposed	7156	Direct
2003-09-19	Common Stock	S	100	$25.47	Disposed	7056	Direct
2003-09-19	Common Stock	S	200	$25.48	Disposed	6856	Direct
2003-09-19	Common Stock	S	400	$25.49	Disposed	6456	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-19	Employee Stock Option	$14.7188	M	6628	Disposed	2007-01-18	Common Stock (6628)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	388	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 29, 2003.

F2: Information based on 6/30/03 Plan statement.

F3: Employee stock option (right to buy) exercisable in three annual installments (50% after year one; 25% after year two; and 25% after year three).