ARTESIAN RESOURCES CORP — Director's Dealing 2007

Jan 26, 2007

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ARTESIAN RESOURCES CORP (ARTNA)
CIK: 0000863110
Period of Report: 2006-12-31

Reporting Person: KRAEUTER BRUCE P (VP of Engineering and Planning)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-31	Class A Non-Voting Common Stock	J	499	—	Acquired	2761	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Non-Voting Common Stock	19711	Direct

Footnotes

F1: Reporting balance of Artesian stock held in 401K plan which was acquired through employee payroll deferrals