CECO ENVIRONMENTAL CORP — Director's Dealing 2012

Mar 22, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CECO ENVIRONMENTAL CORP (CECE)
CIK: 0000003197
Period of Report: 2012-03-20

Reporting Person: Cook Benton Lowell (Interim CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-20	Common Stock	M	1000	$1.98	Acquired	1000	Direct
2012-03-20	Common Stock	M	2000	$5.26	Acquired	3000	Direct
2012-03-20	Common Stock	S	200	$8.41	Disposed	2800	Direct
2012-03-20	Common Stock	S	100	$8.37	Disposed	2700	Direct
2012-03-20	Common Stock	S	200	$8.36	Disposed	2500	Direct
2012-03-20	Common Stock	S	1500	$8.35	Disposed	1000	Direct
2012-03-20	Common Stock	S	800	$8.35	Disposed	200	Direct
2012-03-20	Common Stock	S	75	$8.33	Disposed	125	Direct
2012-03-20	Common Stock	S	125	$8.32	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-20	Employee Stock Option (right to buy)	$5.26	M	2000	Disposed	2020-04-29	Common Stock (2000)	Direct
2012-03-20	Employee Stock Option (right to buy)	$1.98	M	1000	Disposed	2018-12-01	Common Stock (1000)	Direct

Footnotes

F1: Shares are from an option for 6,000 shares, 2,000 of which vested on April 29, 2011, and 2,000 of which vest on each of April 29, 2012 and April 29, 2013.

F2: Shares are from an option for 3,000 shares, 1,000 of which vested on December 1, 2011, and 1,000 of which vest on each of December 1, 2012 and December 1, 2013.