CHEMED CORP — Director's Dealing 2004

Sep 28, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEMED CORP (CHE)
CIK: 0000019584
Period of Report: 2004-09-28

Reporting Person: HUTTON EDWARD L (Director, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-27	Capital Stock	M	1700	$33.63	Acquired	51180	Direct
2004-09-27	Capital Stock	F	1249	$54.12	Disposed	49931	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-27	Option (Right to Buy)	$33.63	M	1700	Disposed	2005-02-01	Common Stock (1700)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Capital Stock	7332	Indirect

Footnotes

F1: Payment of option price and taxes by above withholding