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ARTESIAN RESOURCES CORP Director's Dealing 2009

Oct 2, 2009

33212_dirs_2009-10-02_e5bd088a-01f7-4f67-8fbc-ca981336bc86.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARTESIAN RESOURCES CORP (ARTNA)
CIK: 0000863110
Period of Report: 2009-10-01

Reporting Person: SPACHT DAVID B (CFO and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-10-01	Class A Non-Voting Common Stock	X	1100	$10.278	Acquired	8961	Direct
2009-10-01	Class A Non-Voting Common Stock	S	1100	$16.85	Disposed	7861	Direct
2009-10-01	Class A Non-Voting Common Stock	X	25	$10.278	Acquired	7886	Direct
2009-10-01	Class A Non-Voting Common Stock	S	25	$16.82	Disposed	7861	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-10-01	Incentive Stock Option (right to buy)	$10.278	X	1100	Disposed	2000-05-31	Class A Non-Voting Common Stock (1100)	Direct
2009-10-01	Incentive Stock Option (right to buy)	$10.278	X	25	Disposed	2000-05-31	Class A Non-Voting Common Stock (25)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Non-Voting Common Stock	369	Indirect

Footnotes

F1: annual incremental vesting