QUAKER CHEMICAL CORP — Director's Dealing 2008

Jan 24, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUAKER CHEMICAL CORP (KWR)
CIK: 0000081362
Period of Report: 2008-01-23

Reporting Person: NAPLES RONALD J (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-23	Common Stock	M	10000	$17.75	Acquired	378327	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-23	Employee Stock Option (right to buy)	$17.75	M	10000	Disposed	2008-01-23	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1407	Indirect
Common Stock	1000	Indirect

Footnotes

F1: The option vested in three annual installments: 50% on January 23, 2002, 25% on January 23, 2003 and 25% on January 23, 2004.