CHEMED CORP — Director's Dealing 2007

Feb 28, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEMED CORP (CHE)
CIK: 0000019584
Period of Report: 2007-02-27

Reporting Person: OTOOLE TIMOTHY S (Director, executive vice president)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-27	capital stock	M	20000	$38.13	Acquired	73979	Direct
2007-02-27	capital stock	F	17379	$46.39	Disposed	56600	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-27	stock option(right to buy with tandem tax withholding)	$38.13	M	20000	Disposed	2015-03-11	capital stock (20000)	Direct

Footnotes

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