QUAKER CHEMICAL CORP — Director's Dealing 2007

Sep 4, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUAKER CHEMICAL CORP (KWR)
CIK: 0000081362
Period of Report: 2007-08-31

Reporting Person: HARRIS MARK A (Sr. VP -Global Strategy & Mktg)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-31	Common Stock	M	4500	$17.75	Acquired	18813	Direct
2007-08-31	Common Stock	S	4500	$22.00	Disposed	14313	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-08-31	Employee Stock Option (right to buy)	$17.75	M	4500	Disposed	2008-01-23	Common Stock (4500)	Direct

Footnotes

F1: Includes 76 shares acquired through the Company's Dividend Reinvestment Plan from April 30, 2006 through July 31, 2007.

F2: The option vested in three annual installments: 50% on January 23, 2002, 25% on January 23, 2003, and 25% on January 23, 2004.