QUAKER CHEMICAL CORP — Director's Dealing 2007

Jul 11, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUAKER CHEMICAL CORP (KWR)
CIK: 0000081362
Period of Report: 2007-07-09

Reporting Person: BARRY MICHAEL F (Senior VP & Managing Dtr - NA)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-09	Common Stock	M	3300	$17.75	Acquired	23781	Direct
2007-07-09	Common Stock	S	3300	$24.75	Disposed	20481	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-09	Common Stock	$17.75	M	3300	Disposed	2008-01-23	Common Stock (3300)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1054	Indirect

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 6, 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.