CHESAPEAKE UTILITIES CORP — Director's Dealing 2009

May 5, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHESAPEAKE UTILITIES CORP (CPK)
CIK: 0000019745
Period of Report: 2009-04-30

Reporting Person: MCMASTERS MICHAEL P (Executive VP & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-04-30	Common Stock	M	1536	$29.965	Disposed	29452	Direct
2009-04-30	Common Stock	M	1536	$29.965	Acquired	30988	Direct
2009-04-30	Common Stock	F	620	$29.965	Disposed	30368	Direct
2009-04-30	Common Stock	P	0	—	Acquired	9571	Indirect
2009-04-30	Common Stock	P	0	—	Acquired	28	Indirect

Footnotes

F1: 1,536 deferred stock units were settled on a one-for-one basis in shares of Chesapeake common stock.

F2: Represents taxes withheld to satisfy tax obligations associated with receipt of shares upon settlement of deferred stock units.

F3: Of these shares,23,008 represent deferred stock units that will be settled on a one-for-one basis in common stock.