ARTESIAN RESOURCES CORP — Director's Dealing 2013

May 16, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARTESIAN RESOURCES CORP (ARTNA)
CIK: 0000863110
Period of Report: 2013-05-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-15	Class A Non-voting Common Stock	X	1292	$14.849	Acquired	28622	Direct
2013-05-15	Class A Non-voting Common Stock	S	792	$22.4401	Disposed	27830	Direct
2013-05-15	Class A Non-voting Common Stock	S	498	$22.45	Disposed	27332	Direct
2013-05-15	Class A Non-voting Common Stock	S	2	$22.44	Disposed	27330	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-15	Incentive Stock Option (Right to Buy)	$14.849	X	1292	Disposed	2013-05-21	Class A Non-voting Common Stock (1292)	Direct