ARTESIAN RESOURCES CORP — Director's Dealing 2012

Mar 20, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARTESIAN RESOURCES CORP (ARTNA)
CIK: 0000863110
Period of Report: 2012-03-16

Reporting Person: THAEDER JOHN M (Senior VP of Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-16	Class A Non-voting Common Stock	S	200	$19.1501	Disposed	0	Indirect
2012-03-16	Class A Non-voting Common Stock	X	6750	$12.40	Acquired	25764	Direct
2012-03-16	Class A Non-voting Common Stock	S	5250	$19.1009	Disposed	20514	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-16	Non-qualified Stock Option (Right to Buy)	$12.40	X	6750	Disposed	2012-06-05	Class A Non-voting Common Stock (6750)	Direct