CECO ENVIRONMENTAL CORP — Director's Dealing 2011

May 31, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CECO ENVIRONMENTAL CORP (CECE)
CIK: 0000003197
Period of Report: 2011-01-12

Reporting Person: Icarus Investment Corp. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-12	Common Stock	P	7	$6.19	Acquired	2165836	Direct
2011-01-12	Common Stock	P	100	$6.13	Acquired	2165936	Direct
2011-01-12	Common Stock	P	2000	$6.20	Acquired	2167936	Direct
2011-01-12	Common Stock	P	900	$6.18	Acquired	2168836	Direct
2011-01-14	Common Stock	P	500	$6.31	Acquired	2169336	Direct
2011-01-18	Common Stock	P	1000	$6.26	Acquired	2170336	Direct
2011-01-25	Common Stock	P	3400	$5.90	Acquired	2173736	Direct
2011-01-26	Common Stock	P	3000	$5.75	Acquired	2176736	Direct
2011-01-26	Common Stock	P	2000	$5.70	Acquired	2178736	Direct
2011-01-27	Common Stock	P	5000	$5.65	Acquired	2183736	Direct
2011-01-27	Common Stock	P	5000	$5.70	Acquired	2188736	Direct