ARTESIAN RESOURCES CORP — Director's Dealing 2011

Jan 11, 2011

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ARTESIAN RESOURCES CORP (ARTNA)
CIK: 0000863110
Period of Report: 2010-12-31

Reporting Person: SPACHT DAVID B (CFO and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-19	Class A Non-voting Common Stock	J	80	$17.834	Acquired	8107	Direct
2010-05-21	Class A Non-voting Common Stock	J	80	$18.282	Acquired	8187	Direct
2010-08-20	Class A Non-voting Common Stock	J	83	$17.75	Acquired	8270	Direct
2010-11-19	Class A Non-voting Common Stock	J	80	$18.722	Acquired	8350	Direct
2010-12-31	Class A Non-voting Common Stock	J	16	—	Acquired	402	Indirect

Footnotes

F1: Reporting balance of Artesian stock held in 401K plan which was acquired through employee payroll deferrals

F2: aquisition through dividend reinvestment plan