IMMUCELL CORP /DE/ — Director's Dealing 2007

Apr 25, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMMUCELL CORP /DE/ (ICCC)
CIK: 0000811641
Period of Report: 2007-04-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-23	Common Stock, par value $0.10 per share	P	642	$5.36	Acquired	388102	Direct
2007-04-23	Common Stock, par value $0.10 per share	P	400	$5.40	Acquired	388502	Direct
2007-04-24	Common Stock, par value $0.10 per share	P	715	$5.36	Acquired	389217	Direct
2007-04-24	Common Stock, par value $0.10 per share	P	300	$5.44	Acquired	389517	Direct
2007-04-24	Common Stock, par value $0.10 per share	P	300	$5.45	Acquired	389817	Direct

Footnotes

F1: This figure includes 195,800 shares of common stock held by Arterio, Inc., a corporation owned solely by Mr. Rothschild.