ARTESIAN RESOURCES CORP — Director's Dealing 2009

Sep 24, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARTESIAN RESOURCES CORP (ARTNA)
CIK: 0000863110
Period of Report: 2009-09-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-09-23	Class A Non-Voting Common Stock	X	4600	$10.278	Acquired	29661	Direct
2009-09-23	Class A Non-Voting Common Stock	S	4600	$17.0472	Disposed	25061	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-09-23	Incentive Stock Option (right to buy)	$10.278	X	4600	Disposed	2010-05-31	Class A Non-Voting Common Stock (4600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Non-Voting Common Stock	2968	Indirect

Footnotes

F1: annual incremental vesting