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ARTESIAN RESOURCES CORP Director's Dealing 2009

Mar 23, 2009

33212_dirs_2009-03-23_0c4f97da-e71f-479e-830f-420bb91e2ccd.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: 2009-03-19

Reporting Person: BIEDERMAN KENNETH R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-03-19	Class A Non-Voting Common Stock	X	500	$8.5	Acquired	17375	Direct
2009-03-19	Class A Non-Voting Common Stock	S	500	$14.25	Disposed	16875	Direct
2009-03-19	Class A Non-Voting Common Stock	X	1500	$8.5	Acquired	18375	Direct
2009-03-19	Class A Non-Voting Common Stock	S	1500	$13.53	Disposed	16875	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-03-19	Non-Qualified Stock Option (right to buy)	$8.5	X	500	Disposed	2009-05-18	Class A Non-Voting Common Stock (500)	Direct
2009-03-19	Non-Qualified Stock Option (right to buy)	$8.5	X	1500	Disposed	2009-05-18	Class A Non-Voting Common Stock (1500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Non-Voting Common Stock	4000	Indirect