ARTESIAN RESOURCES CORP — Director's Dealing 2010

Jun 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARTESIAN RESOURCES CORP (ARTNA)
CIK: 0000863110
Period of Report: 2010-06-08

Reporting Person: SPACHT DAVID B (CFO and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-08	Class A Non-Voting Common Stock	X	1254	$10.845	Acquired	9281	Direct
2010-06-08	Class A Non-Voting Common Stock	S	1254	$17.085	Disposed	8027	Direct
2010-06-09	Class A Non-Voting Common Stock	X	827	$10.845	Acquired	8854	Direct
2010-06-09	Class A Non-Voting Common Stock	S	827	$17.183	Disposed	8027	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-06-08	Incentive Stock Option (right to buy)	$10.845	X	1254	Disposed	2011-05-30	Class A Non-Voting Common Stock (1254)	Direct
2010-06-09	Incentive Stock Option (right to buy)	$10.845	X	827	Disposed	2011-05-30	Class A Non-Voting Common Stock (827)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Non-Voting Common Stock	386	Indirect

Footnotes

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