CHEMED CORP — Director's Dealing 2012

Feb 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEMED CORP (CHE)
CIK: 0000019584
Period of Report: 2012-02-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-16	capital stock	M	25000	$33.75	Acquired	220889	Direct
2012-02-16	capital stock	F	17228	$63.76	Disposed	203661	Direct
2012-02-17	capital stock	S	8000	$62.75	Disposed	195661	Direct
2012-02-17	capital stock	A	9470	$63.36	Acquired	205131	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-16	stock option(right to buy with tandem tax withholding)	$33.75	M	25000	Disposed	2018-05-19	capital stock (25000)	Direct
2012-02-17	stock option(right to buy with tandem tax withholding)	$63.36	A	86000	Acquired	2022-02-17	capital stock (86000)	Direct

Footnotes

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

F2: award of restricted stock vesting in full 02/17/2016.

F3: exercisable in 3 equal annual installments commencing 2/17/2013.