ARTESIAN RESOURCES CORP — Director's Dealing 2012

Jan 13, 2012

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ARTESIAN RESOURCES CORP (ARTNA)
CIK: 0000863110
Period of Report: 2011-12-31

Reporting Person: SPACHT DAVID B (CFO and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-18	Class A Non-voting Common Stock	J	78	$19.298	Acquired	8685	Direct
2011-05-20	Class A Non-voting Common Stock	J	80	$19.222	Acquired	8685	Direct
2011-08-19	Class A Non-voting Common Stock	J	88	$17.598	Acquired	8685	Direct
2011-11-23	Class A Non-voting Common Stock	J	89	$17.876	Acquired	8685	Direct
2011-12-31	Class A Non-voting Common Stock	J	17	—	Acquired	419	Indirect

Footnotes

F1: aquisition through dividend reinvestment plan

F2: Reporting balance of Artesian stock held in 401K plan which was acquired through employee payroll deferrals