QUAKER CHEMICAL CORP — Director's Dealing 2003

Sep 19, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUAKER CHEMICAL CORP (KWR)
CIK: 0000081362
Period of Report: 2003-09-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-18	Common Stock	M	5228	$14.3438	Acquired	11684	Direct
2003-09-18	Common Stock	S	200	$25.44	Disposed	11484	Direct
2003-09-18	Common Stock	S	200	$25.49	Disposed	11284	Direct
2003-09-18	Common Stock	S	600	$25.5	Disposed	10684	Direct
2003-09-18	Common Stock	S	400	$25.51	Disposed	10284	Direct
2003-09-18	Common Stock	S	400	$25.52	Disposed	9884	Direct
2003-09-18	Common Stock	S	200	$25.53	Disposed	9684	Direct
2003-09-18	Common Stock	S	200	$25.54	Disposed	9484	Direct
2003-09-18	Common Stock	S	2200	$25.55	Disposed	7284	Direct
2003-09-18	Common Stock	S	200	$25.56	Disposed	7084	Direct
2003-09-18	Common Stock	S	628	$25.6	Disposed	6456	Direct
2003-09-18	Common Stock	M	1872	$14.7188	Acquired	8328	Direct
2003-09-18	Common Stock	S	1272	$25.6	Disposed	7056	Direct
2003-09-18	Common Stock	S	100	$25.65	Disposed	6956	Direct
2003-09-18	Common Stock	S	500	$25.73	Disposed	6456	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-18	Employee Stock Option	$14.3438	M	5228	Disposed	2006-03-17	Common Stock (5228)	Direct
2003-09-18	Employee Stock Option	$14.7188	M	1872	Disposed	2007-01-18	Common Stock (1872)	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).