CHEMED CORP — Director's Dealing 2011

Nov 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEMED CORP (CHE)
CIK: 0000019584
Period of Report: 2011-11-08

Reporting Person: MCNAMARA KEVIN J (Director, president and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-08	capital stock	S	5000	$58.98	Disposed	195803	Direct
2011-11-09	capital stock	M	15000	$38.13	Acquired	210803	Direct
2011-11-09	capital stock	F	11828	$58.85	Disposed	198975	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-09	stock option(right to buy with tandem tax withholding)	$38.13	M	15000	Disposed	2015-03-11	capital stock (15000)	Direct

Footnotes

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