SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* BENOLIEL D JEFFRY (Last) (First) (Middle) QUAKER CHEMICAL CORPORATION ONE QUAKER PARK, 901 E. HECTOR STREET (Street) CONSHOHOCKEN PA 19428-2380 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol QUAKER CHEMICAL CORP [ KWR ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) VP-Global Strategy, GC & Sec
	3. Date of Earliest Transaction (Month/Day/Year) 08/02/2010
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/02/2010		M		2,000	A	$26.05	54,881	D
Common Stock	08/02/2010		S(1)		2,000	D	$36.09	52,881	D
Common Stock	08/03/2010		M		1,917	A	$19.45	54,798	D
Common Stock	08/03/2010		F		1,026	D	$36.32	53,772	D
Common Stock	08/03/2010		M		4,776	A	$6.93	58,548	D
Common Stock	08/03/2010		F		911	D	$36.32	57,637	D
Common Stock	08/03/2010		S		1,000	D	$36.86	56,637	D
Common Stock	08/03/2010		S		1,000	D	$36.88	55,637	D
Common Stock								9,850	I	Custodial Account for Son (1)
Common Stock								9,850	I	Custodial Account for Son (2)
Common Stock								9,850	I	Custodial Account for Daughter
Common Stock								17,580	I	By 401(k)
Common Stock								19,020	I	By Partnership

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$26.05	08/02/2010		M			2,000	(2)	04/15/2011	Common Stock	2,000	$0.00	0	D
Employee Stock Option (right to buy)	$19.45	08/03/2010		M			1,917	(3)	01/29/2015	Common Stock	1,917	$0.00	3,834	D
Employee Stock Option (right to buy)	$6.93	08/03/2010		M			4,776	(4)	02/25/2016	Common Stock	4,776	$0.00	9,551	D

Explanation of Responses:

1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan by the reporting person on May 27, 2010.

2. Options under this April 15, 2004 grant vested in three annual installments: 75% after year one; 15% after year two; and 10% after year three.

3. Options under this January 29, 2008 grant vest in three equal annual installments commencing January 29, 2009.

4. Options under this February 25, 2010 grant vest as follows: 4,776 on February 25, 2010; 4,776 on February 25, 2011; and 4,775 on February 25, 2012.

	Irene M. Kisleiko, Attorney-in-Fact for D. Jeffry Benoliel	08/04/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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