IMMUCELL CORP /DE/ — Director's Dealing 2007

Dec 20, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMMUCELL CORP /DE/ (ICCC)
CIK: 0000811641
Period of Report: 2007-12-18

Reporting Person: ROTHSCHILD JONATHAN E (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-18	Common Stock, par value $0.10 per share	P	405	$3.53	Acquired	412228	Direct
2007-12-18	Common Stock, par value $0.10 per share	P	400	$3.38	Acquired	412628	Direct
2007-12-19	Common Stock, par value $0.10 per share	P	100	$3.3	Acquired	412728	Direct
2007-12-19	Common Stock, par value $0.10 per share	P	200	$3.66	Acquired	412928	Direct
2007-12-19	Common Stock, par value $0.10 per share	P	250	$3.65	Acquired	413178	Direct
2007-12-19	Common Stock, par value $0.10 per share	P	300	$3.32	Acquired	413478	Direct
2007-12-19	Common Stock, par value $0.10 per share	P	400	$3.28	Acquired	413878	Direct
2007-12-19	Common Stock, par value $0.10 per share	P	300	$3.29	Acquired	414178	Direct
2007-12-20	Common Stock, par value $0.10 per share	P	400	$3.39	Acquired	414578	Direct
2007-12-20	Common Stock, par value $0.10 per share	P	200	$3.44	Acquired	414778	Direct
2007-12-20	Common Stock, par value $0.10 per share	P	300	$3.41	Acquired	415078	Direct
2007-12-20	Common Stock, par value $0.10 per share	P	100	$3.42	Acquired	415178	Direct

Footnotes

F1: This figure includes 201,710 shares of common stock held by Arterio, Inc., a corporation owned solely by Mr. Rothschild.