CHEMED CORP — Director's Dealing 2003

May 20, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEMED CORP (CHE)
CIK: 0000019584
Period of Report: 2003-05-19

Reporting Person: MCNAMARA KEVIN J (Director, President & CEO)

Footnotes

F1: Award of Unrestricted Stock

F2: (Right to buy)w/tandem tax withholding right.

F3: Exercisable in four equal annual installments commencing 11/19/03