----

----

| Florida                                                        |   | 59-1564329                              |
|----------------------------------------------------------------|--------|-----------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification Number) |

|   | Large accelerated filer               | o  | Accelerated filer                    | o |
|--------|-----------------------------------------------------------|---------|-------------------------------------------------------------------------------------------------------------------------------------|---|
|   | Non-accelerated filer       | o       | Smaller reporting company                                                                                                 | x |

----

----

----

INDEX

| Description                           | Page                                                                                                                             |          |
|---------------------------------------|----------------------------------------------------------------------------------------------------------------------------------|---------------|
|                                  |                                                                                                                             |          |   |
| Part I – Financial Information: |                                                                                                                             |          |
|                                  |                                                                                                                             |          |   |
|                                  | Item 1. – Financial Statements:                                                                                            | 3             |   |
|                                  |                                                                                                                             |          |   |
|                                  | Condensed consolidated balance sheets as of September 30, 2010 and December 31, 2009                                             | 3             |   |
|                                  |                                                                                                                             |          |   |
|                                  | Condensed consolidated statements of operations for the three months and nine months ended September 30, 2010 and 2009           | 4             |   |
|                                  |                                                                                                                             |          |   |
|                                  | Condensed consolidated statements of comprehensive income for the three months and nine months ended September 30, 2010 and 2009 | 5             |   |
|                                  |                                                                                                                             |     |    |
|                                  | Condensed consolidated statements of cash flows for the nine months ended September 30, 2010 and 2009                            | 6             |   |
|                                  |                                                                                                                             |          |   |
|                                  | Notes to condensed consolidated financial statements                                                                             | 7-14          |   |
|                                  |                                                                                                                             |          |   |
|                                  | Item 2. – Management’s Discussion and Analysis of Financial Condition and Results of Operations                      | 14-17         |   |
|                                  |                                                                                                                             |          |   |
|                                  | Item 3. – Quantitative and Qualitative Disclosures about Market Risk                                                       | 17            |   |
|                                  |                                                                                                                             |          |   |
|                                  | Item 4. – Controls and Procedures                                                                                          | 17            |   |
|                                  |                                                                                                                             |          |   |
| Part II – Other Information:    |                                                                                                                             |          |
|                                  |                                                                                                                             |          |   |
|                                  | Item 1. – Legal Proceedings                                                                                                | 17            |   |
|                                  |                                                                                                                             |          |   |
|                                  | Item 1A. – Risk Factors                                                                                                    | 17            |   |
|                                  |                                                                                                                             |          |   |
|                                  | Item 2. – Unregistered Sales of Equity Securities and Use of Proceeds                                                      | 17            |   |
|                                  |                                                                                                                             |          |   |
|                                  | Item 6. – Exhibits                                                                                                         | 17            |   |
|                                  |                                                                                                                             |          |   |
| Signatures                            | 18                                                                                                                               |          |
|                                  |                                                                                                                             |          |   |
| Certifications                        | 19-21                                                                                                                            |          |

----

Index

Item 1

CONDENSED CONSOLIDATED BALANCE 

|                                                                                                                                                             |   | September 30, 2010 |       |   | December 31, 2009 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|------------|--------|-------------------|--------|
|                                                                                                                                                             |   | (Unaudited)        |       |   |              |   |
| ASSETS                                                                                                                                                           |   |               |       |   |              |   |
| Current Assets:                                                                                                                                                  |   |               |       |   |              |   |
| Cash                                                                                                                                                             |   | $                  | 642,977    |   |              | $      | 494,973 |   |
| Trade accounts receivable net of allowance for doubtful accounts of approximately $131,800 and $61,700 at September 30, 2010 and December 31, 2009, respectively |   |               | 5,209,540  |   |              |   | 2,144,265 |   |
| Inventories, net                                                                                                                                                 |   |               | 8,096,231  |   |              |   | 6,663,246 |   |
| Prepaid expenses and other current assets                                                                                                                        |   |               | 385,565    |   |              |   | 504,384 |   |
| Total Current Assets                                                                                                                                             |   |               | 14,334,313 |   |              |   | 9,806,868 |   |
|                                                                                                                                                             |   |               |       |   |              |   |   |   |
| Property, plant and equipment, net                                                                                                                               |   |               | 5,480,672  |   |              |   | 5,464,356 |   |
|                                                                                                                                                             |   |               |       |   |              |   |   |   |
| Other Assets:                                                                                                                                                    |   |               |       |   |              |   |   |   |
| Trademarks, trade names and patents, net                                                                                                                         |   |               | 947,814    |   |              |   | 330,439 |   |
| Due from affiliated companies, net                                                                                                                               |   |               | 310,865    |   |              |   | 237,172 |   |
| Other assets                                                                                                                                                     |   |               | 82,314     |   |              |   | 153,224 |   |
|                                                                                                                                                             |   |               |       |   |              |   |   |   |
| Total Other Assets                                                                                                                                               |   |               | 1,340,993  |   |              |   | 720,835 |   |
| Total Assets                                                                                                                                                     |   | $                  | 21,155,978 |   |              | $      | 15,992,059 |   |
|                                                                                                                                                             |   |               |       |   |              |   |   |   |
| LIABILITIES AND SHAREHOLDERS' EQUITY                                                                                                                             |   |               |       |   |              |   |   |   |
| Current Liabilities:                                                                                                                                             |   |               |       |   |              |   |   |   |
| Accounts payable - trade                                                                                                                                         |   | $                  | 2,137,644  |   |              | $      | 1,741,309 |   |
| Revolving line of credit                                                                                                                                         |   |               | 2,450,000  |   |              |   | 250,000 |   |
| Current portion of long term debt                                                                                                                                |   |               | 492,435    |   |              |   | 513,053 |   |
| Income taxes payable                                                                                                                                             |   |               | 683,977    |   |              |   | 222,055 |   |
| Accrued expenses payable                                                                                                                                         |   |               | 1,087,256  |   |              |   | 969,932 |   |
| Total Current Liabilities                                                                                                                                        |   |               | 6,851,312  |   |              |   | 3,696,349 |   |
| Long term debt, less current portion                                                                                                                             |   |               | 2,633,721  |   |              |   | 2,937,206 |   |
| Total Liabilities                                                                                                                                                |   |               | 9,485,033  |   |              |   | 6,633,555 |   |
|                                                                                                                                                             |   |               |       |   |              |   |   |   |
| Commitments and contingencies                                                                                                                                    |   |               | -          |   |              |   | - |   |
| Shareholders' Equity:                                                                                                                                            |   |               |       |   |              |   |   |   |
| Common stock - $.01 par value, 10,000,000 shares authorized;8,205,116 and 8,053,816 shares issued at September 30, 2010 and December 31, 2009, respectively      |   |               | 82,051     |   |              |   | 80,538 |   |
| Additional paid in capital                                                                                                                                       |   |               | 8,567,104  |   |              |   | 8,194,917 |   |
| Less cost of common stock in treasury, 351,503 shares at September 30, 2010 and December 31, 2009, respectively                                                  |   |               | (288,013   | )      |              |   | (288,013 | ) |
| Foreign currency translation adjustment                                                                                                                          |   |               | (272,505   | )      |              |   | (277,025 | ) |
| Retained earnings                                                                                                                                                |   |               | 3,265,811  |   |              |   | 1,648,087 |   |
| Total Shareholders' Equity of Ocean Bio-Chem., Inc. and   Subsidiaries                                                                            |   |               | 11,354,448 |   |              |   | 9,358,504 |   |
|                                                                                                                                                             |   |               |       |   |              |   |   |   |
| Noncontrolling interest                                                                                                                                          |   |               | 316,497    |   |              |   | - |   |
|                                                                                                                                                             |   |               |       |   |              |   |   |   |
| Total Shareholders' Equity                                                                                                                                       |   |               | 11,670,945 |   |              |   | 9,358,504 |   |
| Total Liabilities and Shareholders' Equity                                                                                                                       |   | $                  | 21,155,978 |   |              | $      | 15,992,059 |   |

----

Index

CONDENSE

|                                                                                             |   | Three Months Ended September 30, |      |   | Nine Months Ended September 30, |   |
|--------------------------------------------------------------------------------------------------|--------|---------------------------------------|-----------|--------|--------------------------------------|--------|
|                                                                                             |   | 2010                                  |      |   | 2009                                 |   |   | 2010 |   |   | 2009 |   |
|                                                                                             |   |                                  |      |   |                                 |   |   |   |   |   |   |   |
| Gross sales                                                                                      |   | $                                     | 9,530,210 |   |                                 | $      | 9,629,794 |   |   | $ | 22,621,021 |   |   | $ | 19,940,251 |   |
| Less: discounts, returns, and allowances                                                         |   |                                  | 511,188   |   |                                 |   | 723,942 |   |   |   | 1,050,706 |   |   |   | 1,209,047 |   |
|                                                                                             |   |                                  |      |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                                                                                        |   |                                  | 9,019,022 |   |                                 |   | 8,905,852 |   |   |   | 21,570,315 |   |   |   | 18,731,204 |   |
|                                                                                             |   |                                  |      |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Cost of goods sold                                                                               |   |                                  | 5,832,968 |   |                                 |   | 6,186,477 |   |   |   | 13,918,067 |   |   |   | 12,597,488 |   |
|                                                                                             |   |                                  |      |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit                                                                                     |   |                                  | 3,186,054 |   |                                 |   | 2,719,375 |   |   |   | 7,652,248 |   |   |   | 6,133,716 |   |
|                                                                                             |   |                                  |      |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Operating Expenses:                                                                              |   |                                  |      |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Advertising and promotion                                                                        |   |                                  | 513,770   |   |                                 |   | 380,276 |   |   |   | 1,201,044 |   |   |   | 1,278,689 |   |
| Selling and administrative                                                                       |   |                                  | 1,255,130 |   |                                 |   | 1,406,472 |   |   |   | 3,647,240 |   |   |   | 3,250,775 |   |
| Total operating expenses                                                                         |   |                                  | 1,768,900 |   |                                 |   | 1,786,748 |   |   |   | 4,848,284 |   |   |   | 4,529,464 |   |
|                                                                                             |   |                                  |      |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Operating income                                                                                 |   |                                  | 1,417,154 |   |                                 |   | 932,627 |   |   |   | 2,803,964 |   |   |   | 1,604,252 |   |
|                                                                                             |   |                                  |      |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Other income (expense)                                                                           |   |                                  |      |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                                                                 |   |                                  | (33,156   | )      |                                 |   | (41,463 | ) |   |   | (101,128 | ) |   |   | (169,694 | ) |
| Other income                                                                                     |   |                                  | 30,796    |   |                                 |   | 12,134 |   |   |   | 53,113 |   |   |   | 23,705 |   |
|                                                                                             |   |                                  |      |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Income before income taxes                                                                       |   |                                  | 1,414,794 |   |                                 |   | 903,298 |   |   |   | 2,755,949 |   |   |   | 1,458,263 |   |
|                                                                                             |   |                                  |      |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Provision for income taxes                                                                       |   |                                  | 624,605   |   |                                 |   | 331,805 |   |   |   | 1,199,305 |   |   |   | 627,483 |   |
|                                                                                             |   |                                  |      |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                                                       |   |                                  | 790,189   |   |                                 |   | 571,493 |   |   |   | 1,556,644 |   |   |   | 830,780 |   |
|                                                                                             |   |                                  |      |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Loss attributable to noncontrolling interests                                                    |   |                                  | 7,491     |   |                                 |   | - |   |   |   | 61,080 |   |   |   | - |   |
| Net income attributable to Ocean-Bio Chem, Inc.                                                  |   | $                                     | 797,680   |   |                                 | $      | 571,493 |   |   | $ | 1,617,724 |   |   | $ | 830,780 |   |
|                                                                                             |   |                                  |      |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Income per common share – basic attributable to Ocean-Bio Chem, Inc. common shareholders   |   | $                                     | 0.10      |   |                                 | $      | 0.07 |   |   | $ | 0.21 |   |   | $ | 0.11 |   |
|                                                                                             |   |                                  |      |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Income per common share – diluted attributable to Ocean-Bio Chem, Inc. common shareholders |   | $                                     | 0.09      |   |                                 | $      | 0.07 |   |   | $ | 0.19 |   |   | $ | 0.11 |   |
|                                                                                             |   |                                  |      |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares - basic                                                                  |   |                                  | 7,853,613 |   |                                 |   | 7,704,813 |   |   |   | 7,768,158 |   |   |   | 7,665,757 |   |
| Weighted average shares - diluted                                                                |   |                                  | 8,647,937 |   |                                 |   | 7,777,101 |   |   |   | 8,458,728 |   |   |   | 7,682,452 |   |

----

Index

CONDENSED

|                                                        |   | Three Months Ended September 30, |    |   | Nine Months Ended September 30, |   |
|-------------------------------------------------------------|--------|---------------------------------------|---------|--------|--------------------------------------|--------|
|                                                        |   | 2010                                  |    |   | 2009                                 |   |   | 2010 |   |   | 2009 |   |
|                                                        |   |                                  |    |   |                                 |   |   |   |   |   |   |   |
| Net Income                                                  |   | $                                     | 790,189 |   |                                 | $      | 571,493 |   |   | $ | 1,556,644 |   |   | $ | 830,780 |   |
|                                                        |   |                                  |    |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Foreign currency translation adjustment                     |   |                                  | (2,348  | )      |                                 |   | 1,558 |   |   |   | 4,520 |   |   |   | 1,205 |   |
|                                                        |   |                                  |    |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income                                        |   |                                  | 787,841 |   |                                 |   | 573,051 |   |   |   | 1,561,164 |   |   |   | 831,985 |   |
|                                                        |   |                                  |    |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive loss attributable to noncontrolling interests |   |                                  | 7,491   |   |                                 |   | - |   |   |   | 61,080 |   |   |   | - |   |
|                                                        |   |                                  |    |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income attributable to Ocean-Bio Chem, Inc.   |   | $                                     | 795,332 |   |                                 | $      | 573,051 |   |   | $ | 1,622,244 |   |   | $ | 831,985 |   |

----

Index

CONDENSED

|                                                                             |   | 2010   |       |   | 2009   |   |
|----------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|
| Cash flows from operating activities:                                            |   |   |       |   |   |   |
|                                                                             |   |   |       |   |   |   |
| Net income attributable to Ocean Bio-Chem, Inc.                                  |   | $      | 1,617,724  |   |   | $      | 830,780 |   |
| Adjustment to reconcile net income to net cash provided by operations:           |   |   |       |   |   |   |   |   |
| Loss attributable to noncontrolling interest                                     |   |   | (61,080    | )      |   |   | - |   |
| Depreciation and amortization                                                    |   |   | 514,344    |   |   |   | 535,297 |   |
| Stock based compensation                                                         |   |   | 355,558    |   |   |   | 244,917 |   |
| Other operating non cash items                                                   |   |   | 178,687    |   |   |   | 297,922 |   |
| Changes in assets and liabilities:                                               |   |   |       |   |   |   |   |   |
| Accounts receivable                                                              |   |   | (3,139,605 | )      |   |   | (2,926,678 | ) |
| Inventory                                                                        |   |   | (1,496,026 | )      |   |   | (765,983 | ) |
| Other assets                                                                     |   |   | 70,910     |   |   |   | 24,531 |   |
| Prepaid expenses                                                                 |   |   | 118,819    |   |   |   | (74,402 | ) |
| Amounts due from affiliates                                                      |   |   | (73,693    | )      |   |   | 850,572 |   |
| Accounts payable and other accrued liabilities                                   |   |   | 975,581    |   |   |   | 2,360,148 |   |
| Net cash (used in) provided by  operating activities                   |   |   | (938,781   | )      |   |   | 1,377,104 |   |
| Cash flows from investing activities:                                            |   |   |       |   |   |   |   |   |
| Purchases of property, plant and equipment                                       |   |   | (515,960   | )      |   |   | (266,776 | ) |
| Trademarks, trade names and patents, net                                         |   |   | (177,036   | )      |   |   | - |   |
| Contributions to joint venture                                                   |   |   | (100,427   | )      |   |   | - |   |
| Net cash used in investing activities                                            |   |   | (793,423   | )      |   |   | (266,776 | ) |
| Cash flows from financing activities:                                            |   |   |       |   |   |   |   |   |
| Borrowings line of credit, net                                                   |   |   | 2,200,000  |   |   |   | (800,000 | ) |
| Payments on long-term debt                                                       |   |   | (324,103   | )      |   |   | (422,147 | ) |
| Proceeds from exercise of stock options                                          |   |   | 7,085      |   |   |   | - |   |
| Net cash provided by (used in) financing activities                              |   |   | 1,882,982  |   |   |   | (1,222,147 | ) |
| Change in cash prior to effect of exchange rate on cash                          |   |   | 150,778    |   |   |   | (111,819 | ) |
| Effect of exchange rate on cash                                                  |   |   | (2,774     | )      |   |   | 1,720 |   |
| Net increase (decrease)  in cash                                       |   |   | 148,004    |   |   |   | (110,099 | ) |
| Cash at beginning of period                                                      |   |   | 494,973    |   |   |   | 527,056 |   |
| Cash at end of period                                                            |   | $      | 642,977    |   |   | $      | 416,957 |   |
| Supplemental disclosure of cash transactions:                                    |   |   |       |   |   |   |   |   |
| Cash paid for interest during period                                             |   | $      | 73,627     |   |   | $      | 169,694 |   |
| Cash paid for income taxes during period                                         |   | $      | 737,383    |   |   | $      | 364,000 |   |
| Supplemental disclosure of non-cash investing activities:                        |   |   |       |   |   |   |   |   |
| Assets contributed to consolidated joint venture by noncontrolling partner       |   |   |       |   |   |   |   |   |
| Patents                                                                          |   | $      | 440,339    |   |   |   |   |   |
| Inventory                                                                        |   |   | 22,965     |   |   |   |   |   |
| Equipment                                                                        |   |   | 14,700     |   |   |   |   |   |
| Total assets contributed to consolidated joint venture by noncontrolling partner |   | $      | 478,004    |   |   |   |   |   |

----

Index

NOTES

----

Index

|         | • |   | Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets.                                                   |
|--------------|---------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    | • |   | Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.                                  |
|         | • |   | Level 3: Inputs that are generally unobservable. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. |

----

Index

|               |   | September 2010 |      |   | December 2009 |   |
|--------------------|--------|----------------|-----------|--------|---------------|--------|
|               |   |           |      |   |          |   |
| Raw materials      |   | $              | 3,940,978 |   |          | $      | 3,595,862 |   |
| Finished goods     |   |           | 4,496,567 |   |          |   | 3,322,692 |   |
| Inventories, gross |   |           | 8,437,545 |   |          |   | 6,918,554 |   |
|               |   |           |      |   |          |   |   |   |
| Inventory reserves |   |           | (341,314  | )      |          |   | (255,308 | ) |
| Inventories, net   |   | $              | 8,096,231 |   |          | $      | 6,663,246 |   |

----

Index

|                                     | Estimated Useful Life Years |   | 2010   |       |   | 2009   |   |
|------------------------------------------|-----------------------------|--------|--------|------------|--------|--------|--------|
|                                     |                        |   |   |       |   |   |   |
| Land                                     |                        |   | $      | 278,325    |   |   | $      | 278,325 |   |
| Building                                 | 30 years                    |   |   | 4,402,275  |   |   |   | 4,402,275 |   |
| Manufacturing and warehouse equipment    | 6-20 years                  |   |   | 7,174,710  |   |   |   | 6,877,940 |   |
| Office equipment and furniture           | 3-5 years                   |   |   | 606,696    |   |   |   | 541,449 |   |
| Construction in process                  |                        |   |   | 269,246    |   |   |   | 109,001 |   |
| Leasehold improvement                    | 10-15 years                 |   |   | 122,644    |   |   |   | 122,644 |   |
|                                     |                        |   |   | 12,853,896 |   |   |   | 12,331,634 |   |
|                                     |                        |   |   |       |   |   |   |   |   |
| Less accumulated depreciation            |                        |   |   | 7,373,224  |   |   |   | 6,867,278 |   |
|                                     |                        |   |   |       |   |   |   |   |   |
| Total property, plant and equipment, net |                        |   | $      | 5,480,672  |   |   | $      | 5,464,356 |   |

----

Index

|                         |   | Current Portion |    |   | Long Term Portion |   |
|------------------------------|--------|-----------------|---------|--------|-------------------|--------|
|                         |   | 2010            |    |   | 2009              |   |   | 2010 |   |   | 2009 |   |
|                         |   |            |    |   |              |   |   |   |   |   |   |   |
| Industrial Development Bonds |   | $               | 460,000 |   |              | $      | 460,000 |   |   | $ | 2,560,000 |   |   | $ | 2,905,000 |   |
| Notes payable                |   |            | -       |   |              |   | 33,352 |   |   |   | - |   |   |   | - |   |
| Capitalized equipment leases |   |            | 32,435  |   |              |   | 19,701 |   |   |   | 73,721 |   |   |   | 32,206 |   |
|                         |   | $               | 492,435 |   |              | $      | 513,053 |   |   | $ | 2,633,721 |   |   | $ | 2,937,206 |   |

| 2011       |   | $      | 492,435   |   |
|------------|--------|--------|-----------|--------|
| 2012       |   |   | 480,165   |   |
| 2013       |   |   | 459,760   |   |
| 2014       |   |   | 453,466   |   |
| 2015       |   |   | 449,480   |   |
| Thereafter |   |   | 790,850   |   |
|       |   |   |      |   |
| Total      |   | $      | 3,126,156 |   |

----

Index

----

Index

|                                                                 |   | Three months ended September 30, |      |   | Nine months endedSeptember 30, |   |
|----------------------------------------------------------------------|--------|---------------------------------------|-----------|--------|--------------------------------|--------|
|                                                                 |   | 2010                                  |      |   | 2009                           |   |   | 2010 |   |   | 2009 |   |
|                                                                 |   |                                  |      |   |                           |   |   |   |   |   |   |   |
| Weighted-average common shares outstanding                           |   |                                  | 7,853,613 |   |                           |   | 7,704,813 |   |   |   | 7,768,158 |   |   |   | 7,665,757 |   |
|                                                                 |   |                                  |      |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Dilutive effect of stock plans,other options & conversion rights |   |                                  | 794,324   |   |                           |   | 72,288 |   |   |   | 690,570 |   |   |   | 16,695 |   |
|                                                                 |   |                                  |      |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Diluted weighted-average shares outstanding                          |   |                                  | 8,647,937 |   |                           |   | 7,777,101 |   |   |   | 8,458,728 |   |   |   | 7,682,452 |   |

| Plan         | Date granted |   | Options outstanding |    |   | Exercisable options |   |    | Exercise price |   | Expiration date |   | Weighted Av.remaining life |     |
|--------------|--------------|--------|---------------------|---------|--------|---------------------|--------|---------|----------------|--------|-----------------|--------|----------------------------|----------|
|         |         |   |                |    |   |                |   |    |           |   |            |   |                       |     |
| NON-PLAN     | 03/25/09     |   |                | 115,000 |   |                |   | 115,000 |           |   |            | 0.55   |                       | 03/24/14 |   |   | 3.5 |   |
| 2002 PLAN    | 11/06/06     |   |                | 113,500 |   |                |   | 89,791  |           |   |            | 0.93   |                       | 11/05/11 |   |   | 1.1 |   |
| 2007 PLAN    | 05/17/07     |   |                | 167,500 |   |                |   | 114,644 |           |   |            | 1.66   |                       | 05/16/12 |   |   | 1.7 |   |
| 2007 PLAN    | 10/08/07     |   |                | 2,500   |   |                |   | 1,511   |           |   |            | 1.87   |                       | 10/07/12 |   |   | 2.1 |   |
| 2007 PLAN    | 12/17/07     |   |                | 154,600 |   |                |   | 87,435  |           |   |            | 1.32   |                       | 12/16/12 |   |   | 2.2 |   |
| 2008 PLAN    | 08/25/08     |   |                | 156,100 |   |                |   | 66,429  |           |   |            | 0.97   |                       | 08/21/13 |   |   | 2.9 |   |
| 2002 PLAN NQ | 10/22/02     |   |                | 35,000  |   |                |   | 35,000  |           |   |            | 1.26   |                       | 10/21/12 |   |   | 2.1 |   |
| 2002 PLAN NQ | 06/20/03     |   |                | 30,000  |   |                |   | 30,000  |           |   |            | 1.03   |                       | 06/19/13 |   |   | 2.8 |   |
| 2002 PLAN NQ | 05/25/04     |   |                | 30,000  |   |                |   | 30,000  |           |   |            | 1.46   |                       | 05/24/14 |   |   | 3.7 |   |
| 2002 PLAN NQ | 04/03/06     |   |                | 40,000  |   |                |   | 40,000  |           |   |            | 1.08   |                       | 04/02/16 |   |   | 5.6 |   |
| 2002 PLAN NQ | 12/17/07     |   |                | 50,000  |   |                |   | 50,000  |           |   |            | 1.32   |                       | 12/16/17 |   |   | 7.3 |   |
| 2008 PLAN NQ | 01/11/09     |   |                | 50,000  |   |                |   | 50,000  |           |   |            | 0.69   |                       | 01/10/19 |   |   | 8.4 |   |
| 2008 PLAN NQ | 04/26/10     |   |                | 25,000  |   |                |   | 25,000  |           |   |            | 2.07   |                       | 04/25/20 |   |   | 9.7 |   |
|         |         |   |                | 969,200 |   |                |   | 734,810 |           |   |            | 1.16   |                       |     |   |   | 3.2 |   |

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Index

Item 2.

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Index

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Index

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Index

Item 3. 

Item 1

Item 1A.

Item 2.

| Item 6 – Exhibits |
|-------------------------|

|   | 31.1 | Certification of Chief Executive Officer pursuant to Section 302 of Sarbanes-Oxley Act. |
|--------|------|-----------------------------------------------------------------------------------------|

|   | 31.2 | Certification of Chief Financial Officer pursuant to Section 302 of Sarbanes-Oxley Act. |
|--------|------|-----------------------------------------------------------------------------------------|

|   | 32.1 | Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of Sarbanes-Oxley Act. |
|--------|------|---------------------------------------------------------------------------------------------------------------------|

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Index

SIGNATURES

| OCEAN BIO-CHEM, INC.                                                         |                                                                          |
|------------------------------------------------------------------------------|-------------------------------------------------------------------------------|
|                                                                         |                                                                          |
| Date:         November 12, 2010 | /s/ Peter G. Dornau                                                           |
|                                                                         | Peter G. DornauChairman of the Board of Directors and Chief Executive Officer |
|                                                                         |                                                                          |
|                                                                         |                                                                          |
|                                                                         | /s/ Jeffrey S. Barocas                                                   |
|                                                                         | Jeffrey S. BarocasChief Financial Officer                                     |

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