QUAKER CHEMICAL CORP — Director's Dealing 2012

May 11, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QUAKER CHEMICAL CORP (KWR)
CIK: 0000081362
Period of Report: 2012-05-09

Reporting Person: Matrange Joseph F (VP - Global Coatings)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-09	Common Stock	M	4070	$6.93	Acquired	8666	Direct
2012-05-09	Common Stock	F	1887	$45.13	Disposed	6779	Direct
2012-05-09	Common Stock	M	2367	$18.82	Acquired	9146	Direct
2012-05-09	Common Stock	F	1493	$45.13	Disposed	7653	Direct
2012-05-09	Common Stock	G	3057	$0.00	Disposed	4596	Direct
2012-05-09	Common Stock	G	3057	$0.00	Acquired	13525	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-09	Employee Stock Option (right to buy)	$6.93	M	4070	Disposed	2016-02-25	Common Stock (4070)	Direct
2012-05-09	Employee Stock Option (right to buy)	$18.82	M	2367	Disposed	2017-01-26	Common Stock (2367)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	723	Indirect

Footnotes

F1: Includes 61 shares acquired through Company's Dividend Reinvestment Plan on April 30, 2012.

F2: Information based on Company's Plan Statement for reporting person as of March 31, 2012.

F3: The options under this grant vested in three annual installments: 3,071 shares on February 25, 2010; 3,070 shares on February 25, 2011; and 3,070 shares on February 25, 2012.

F4: The options under this grant vest in three annual installments: 2,368 shares on January 26, 2011; 2,367 shares on January 26, 2012; and 2,367 shares on January 26, 2013.