CHEMED CORP — Director's Dealing 2007

Nov 9, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEMED CORP (CHE)
CIK: 0000019584
Period of Report: 2007-11-08

Reporting Person: HUTTON THOMAS C (Director, vice president)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-08	capital stock	A	14000	$17.93	Acquired	43847	Direct
2007-11-08	capital stock	F	7646	$57.00	Disposed	36201	Direct
2007-06-19	capital stock	G	672	$66.99	Disposed	35529	Direct
2007-06-28	capital stock	G	492	$64.96	Disposed	35037	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-08	stock option(right to buy with tandem tax withholding)	$17.93	M	14000	Disposed	2013-05-19	capital stock (14000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
capital stock	3026	Indirect
capital stock	6058	Indirect
capital stock	6070	Indirect
capital stock	5900	Indirect

Footnotes

F1: Payment of purchase price and tax obligation on stock option exercise.