ARTESIAN RESOURCES CORP — Director's Dealing 2009

Mar 25, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARTESIAN RESOURCES CORP (ARTNA)
CIK: 0000863110
Period of Report: 2009-03-23

Reporting Person: Taylor Nicholle Renee (Director, Director / Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-03-23	Class A Non-Voting Common Stock	X	590	$9.333	Acquired	6422	Direct
2009-03-23	Class A Non-Voting Common Stock	S	590	$13.56	Disposed	5832	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-03-23	Incentive Stock Option (right to buy)	$9.333	X	590	Disposed	2009-05-18	Class A Non-Voting Common Stock (590)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Non-Voting Common Stock	176	Indirect
Class A Non-Voting Common Stock	3	Indirect

Footnotes

F1: shares become exercisable in 20% annual increments over five years begining one year from the date of grant