ARTESIAN RESOURCES CORP — Director's Dealing 2010

Nov 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARTESIAN RESOURCES CORP (ARTNA)
CIK: 0000863110
Period of Report: 2010-11-22

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-22	Class A Non-voting Common Stock	X	500	$10.845	Acquired	26561	Direct
2010-11-22	Class A Non-voting Common Stock	S	500	$18.75	Disposed	26061	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-22	Incentive Stock Option (Right to Buy)	$10.845	X	500	Disposed	2011-05-30	Class A Non-voting Common Stock (500)	Direct

Footnotes

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