CHEMED CORP — Director's Dealing 2011

Mar 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEMED CORP (CHE)
CIK: 0000019584
Period of Report: 2010-05-05

Reporting Person: LEE SPENCER S (executive vice president)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-05	capital stock	G	10	$54.13	Disposed	51810	Direct
2010-12-22	capital stock	G	60	$63.96	Disposed	47415	Direct
2011-03-11	capital stock	M	30000	$17.93	Acquired	79869	Direct
2011-03-11	capital stock	F	17492	$65.46	Disposed	62377	Direct
2011-03-11	capital stock	S	2000	$65.01	Disposed	60377	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-11	stock option(right to buy with tandem tax withholding)	$17.93	M	30000	Disposed	2013-05-19	capital stock (30000)	Direct

Footnotes

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