Insider Trades - KOHN THOMAS W

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KOHN THOMAS W: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Chemical Financial Corporation Officer NasdaqGS:CHFC (historical quotes, profile, SEC, other insiders)	18-Sep-08 31-Dec-08	24,269 2 24,271	Direct Indirect Total

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
31-Dec-08 *244 CHFC Disposition (Non Open Market) at $0 per share.
18-Sep-08 1,389 CHFC Option Exercise at $23.63 per share.
(Cost of $32,822)
18-Sep-08 1,073 CHFC Disposition (Non Open Market) at $35.16 per share.
(Value of $37,726)
16-Sep-08 1,458 CHFC Option Exercise at $26.17 per share.
(Cost of $38,155)
16-Sep-08 1,258 CHFC Disposition (Non Open Market) at $31.16 per share.
(Value of $39,199)
12-Aug-08 149 CHFC Disposition (Non Open Market) at $0 per share.
11-Aug-08 2,279 CHFC Option Exercise at $27.35 per share.
(Cost of $62,330)
11-Aug-08 1,678 CHFC Disposition (Non Open Market) at $29.78 per share.
(Value of $49,970)

* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
31-Dec-08	*244	CHFC	Disposition (Non Open Market) at $0 per share.
18-Sep-08	1,389	CHFC	Option Exercise at $23.63 per share. (Cost of $32,822)
18-Sep-08	1,073	CHFC	Disposition (Non Open Market) at $35.16 per share. (Value of $37,726)
16-Sep-08	1,458	CHFC	Option Exercise at $26.17 per share. (Cost of $38,155)
16-Sep-08	1,258	CHFC	Disposition (Non Open Market) at $31.16 per share. (Value of $39,199)
12-Aug-08	149	CHFC	Disposition (Non Open Market) at $0 per share.
11-Aug-08	2,279	CHFC	Option Exercise at $27.35 per share. (Cost of $62,330)
11-Aug-08	1,678	CHFC	Disposition (Non Open Market) at $29.78 per share. (Value of $49,970)