ARTESIAN RESOURCES CORP — Director's Dealing 2014

Dec 23, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARTESIAN RESOURCES CORP (ARTNA)
CIK: 0000863110
Period of Report: 2014-12-22

Reporting Person: THAEDER JOHN M (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-22	Class A Non-voting Common Stock	X	4000	$19.70	Acquired	27550.945	Direct
2014-12-22	Class A Non-voting Common Stock	S	3300	$22.06	Disposed	24250.945	Direct
2014-12-22	Class A Non-voting Common Stock	S	100	$22.08	Disposed	24150.945	Direct
2014-12-22	Class A Non-voting Common Stock	S	400	$22.07	Disposed	23750.945	Direct
2014-12-22	Class A Non-voting Common Stock	S	200	$22.0701	Disposed	23550.945	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-22	Non-qualified Stock Option (Right to Buy)	$19.70	X	4000	Disposed	2015-12-20	Class A Non-voting Common Stock (4000)	Direct