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Washington, D.C. 20549

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1 (a) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(a)

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

(Date of Event Which Requires Filing of this Statement)

 

 

CUSIP No.		004816104

*SEE INSTRUCTIONS

This Amendment No. 17 amends and supplements the Statement on Schedule 13D (the “Original Statement”) filed by R. Scott Asen (the “Reporting Person”) with the United States Securities and Exchange Commission (the “SEC”) on March 17, 2000, as amended on March 24, 2000, April 13, 2000, April 27, 2000, May 9, 2000, June 6, 2000, June 19, 2000, September 15, 2000, February 7, 2001, June 18, 2001, May 21, 2004, February 17, 2005, March 8, 2005, July 1, 2005, July 13, 2005, October 12, 2006 and June 20, 2007.

ITEM 1. SECURITY AND ISSUER

This Statement relates to the common stock, $2.50 par value (“Common Stock”) of Acme United Corporation (the “Issuer”). The executive offices of the Issuer are located at 60 Round Hill Road, Fairfield, Connecticut 06824.

ITEM 2. IDENTITY AND BACKGROUND

(a)      This Statement is being filed by R. Scott Asen (the “Reporting Person”)

(b)      The principal offices or business address of the Reporting Person is c/o Asen and Co., 224 East 49th Street, New York, New York 10017.

(c)      The Reporting Person’s principal occupation is President of Asen and Co., a New York corporation with principal executive offices located at 224 East 49th St., New York, New York 10017 (“Asen and Co.”), which provides certain investment advisory services.

(d)      The Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the last five years.

(e)      The Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction during the last five years which, as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws.

(f)      The Reporting Person is a citizen of the United States of America.

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATIONS

The aggregate amount of funds required to purchase the 199,746 shares of Common Stock owned by the Reporting Person was $76,602.71. The source of funds used by the Reporting Person to make the purchase of shares of Common Stock was personal funds.

ITEM 4. PURPOSE OF TRANSACTION

The Reporting Person acquired the Shares for investment purposes. However, the Reporting Person may hold talks or discussions with various parties, including, but not limited to, the Issuer’s management, its board of directors and other shareholders on a variety of possible subjects regarding ways to increase shareholder value. Some of the suggestions the Reporting Person might make may affect control of the Issuer and/or may relate to the following: the merger, acquisition or liquidation of the Issuer, the sale or transfer of the assets of the Issuer, a change in the board of directors or the management of the Issuer, a change in the present capitalization or dividend policy of the Issuer, a change in the Issuer’s charter or by-laws or any of the other matters referred to in paragraphs (a) through (j) of the instructions to Item 4 of Schedule 13D. The Reporting Person intends to pay close attention to developments at and pertaining to the Issuer, and, subject to market conditions and other factors deemed relevant by the Reporting Person, the Reporting Person may, directly or indirectly, purchase additional Shares of the Issuer or dispose of some of such Shares in open-market transactions or privately negotiated transactions.

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

As of the date hereof, the Reporting Person has the following interests in the securities of the Issuer:

(a)      The Reporting Person directly owns 199,746 shares of the Common Stock, which shares represent approximately 5.7% of the issued and outstanding shares of Common Stock, based on the total number of issued and outstanding shares of Common Stock being 3,517,283 (the “Total Outstanding Shares”), as reported by the Issuer in its Report on Form 10-Q for the quarter ended March 31, 2007.

(b)      The Reporting Person has sole voting, investment and dispositive power as to the 199,746 shares of Common Stock directly owned by him.

(c)      Except as set forth below, no transactions in the Common Stock of the Issuer were effected by the Reporting Person, directly or indirectly, during the past sixty days. All of the transactions listed below were sales and were effected in open market transactions

          R. Scott Asen Sales

Date		Shares				Price per Share
6/5/2007			10,000			$	14.87
6/6/2007			200			$	14.85
6/7/2007			2,100			$	14.90
6/11/2007			10,000			$	14.85
6/12/2007			4,400			$	15.00
6/15/2007			4,200			$	15.05
6/18/2007			2,000			$	15.00
6/19/2007			100,000			$	15.00
6/19/2007			1,000			$	15.04
6/26/2007			1,000			$	14.86
6/27/2007			100			$	14.80
6/29/2007			200			$	15.02
7/2/2007			1,800			$	15.00
7/3/2007			1,000			$	15.00
7/10/2007			1,000			$	14.99
7/12/2007			7,115			$	14.94
7/16/2007			2,900			$	14.96
7/17/2007			1,501			$	14.98
7/18/2007			500			$	15.04
7/19/2007			11,059			$	15.00
7/20/2007			1,500			$	15.00
7/23/2007			2,700			$	15.09
7/25/2007			1,621			$	15.06
7/26/2007			3,500			$	15.13

(d)      Other than as disclosed herein, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock acquired by the Reporting Person.

(e)      Not applicable.

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

There exist no contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Person and any other persons with respect to any securities of the Issuer, including but not limited to transfer or voting of any such securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS

Not applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in the statement is true, complete and correct.

Dated: July 30, 2007