ARTESIAN RESOURCES CORP — Director's Dealing 2010

Sep 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARTESIAN RESOURCES CORP (ARTNA)
CIK: 0000863110
Period of Report: 2010-09-21

Reporting Person: SPACHT DAVID B (CFO and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-21	Class A Non-voting Common Stock	X	4000	$12.40	Acquired	12027	Direct
2010-09-21	Class A Non-voting Common Stock	S	4000	$18.1894	Disposed	8027	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-21	Non-qualified Stock Option (Right to Buy)	$12.40	X	4000	Disposed	2012-06-05	Class A Non-voting Common Stock (4000)	Direct