GABELLI UTILITY TRUST — Director's Dealing 2012

Dec 28, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GABELLI UTILITY TRUST (GUT)
CIK: 0001080720
Period of Report: 2012-12-26

Reporting Person: GABELLI MARIO J (Director, Control Person of Adviser)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-26	Common Shares, Par Value $0.001	X	70862	$6	Acquired	425170.81	Direct
2012-12-26	Common Shares, Par Value $0.001	X	45525	$6	Acquired	273149	Indirect
2012-12-26	Common Shares, Par Value $0.001	X	1836	$6	Acquired	11013	Indirect

Footnotes

F1: The reporting person acquired these common shares through the exercise of common share purchase rights.

F2: The shares reported reflect the total shares owned by GGCP, Inc. (GGCP). Mario J. Gabelli is the Chief Executive Officer, a director, and the controlling shareholder of GGCP. Mr. Gabelli has less than a 100% interest in GGCP and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.

F3: The shares reported reflect the total shares owned by MJG IV Limited Partnership, a limited partnership for which Mr. Gabelli serves as a general partner. Mr. Gabelli has less than a 100% interest in the entity and disclaims beneficial ownership of the shares held by this entity which are in excess of his indirect pecuniary interest.