IMMUCELL CORP /DE/ — Director's Dealing 2009

Feb 27, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMMUCELL CORP /DE/ (ICCC)
CIK: 0000811641
Period of Report: 2009-02-27

Reporting Person: CRABB JOSEPH H (Director, Vice President & CSO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-27	Common Stock, par value $0.10 per share	P	23000	$1.3125	Acquired	112111	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-02-27	Incentive stock options (right to buy)	$1.3125	X	23000	Disposed	2009-02-27	common stock (23000)	Direct
2009-02-27	Incentive stock options (right to buy)	$1.3125	E	28000	Disposed	2009-02-27	common stock (28000)	Direct

Footnotes

F1: Exercisable as to one-third on March 1, 2000, one-third on March 1, 2001 and the remaining one-third on March 1, 2002.

F2: Exercisable as to one-third on March 1, 2000, one-third on March 1, 2001 and the remaining one-third on March 1, 2002.