ARTESIAN RESOURCES CORP — Director's Dealing 2011

May 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARTESIAN RESOURCES CORP (ARTNA)
CIK: 0000863110
Period of Report: 2011-05-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-02	Class A Non-voting Common Stock	X	1000	$10.845	Acquired	27061	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-02	Incentive Stock Option (Right to Buy)	$10.845	X	1000	Disposed	2011-05-30	Class A Non-voting Common Stock (1000)	Direct

Footnotes

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