CHEMED CORP — Director's Dealing 2015

May 8, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEMED CORP (CHE)
CIK: 0000019584
Period of Report: 2015-05-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-07	capital stock	S	8000	$120.82	Disposed	162289	Direct
2015-05-07	capital stock	M	10000	$65.17	Acquired	172289	Direct
2015-05-07	capital stock	F	7505	$120.10	Disposed	164784	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-07	stock option(right to buy with tandem tax withholding)	$65.17	M	10000	Disposed	2021-02-18	capital stock (10000)	Direct

Footnotes

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

F2: vesting in three equal annual installments commencing 02/18/2012.