ARTESIAN RESOURCES CORP — Director's Dealing 2005

Sep 20, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARTESIAN RESOURCES CORP (ARTNA)
CIK: 0000863110
Period of Report: 2005-09-16

Reporting Person: TAYLOR DIAN C (Director, C.E.O. President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-09-16	Class A Non-Voting Common Stock	X	2500	$17.893	Acquired	54744	Direct
2005-09-16	Class A Non-Voting Common Stock	S	2500	$31	Disposed	52244	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-09-16	Incentive Stock Option (right to buy)	$17.893	X	2500	Disposed	2006-05-30	Class A Non-Voting Common Stock (2500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Non-Voting Common Stock	7675	Indirect