CECO ENVIRONMENTAL CORP — Director's Dealing 2019

Nov 25, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CECO ENVIRONMENTAL CORP (CECE)
CIK: 0000003197
Period of Report: 2019-11-22

Reporting Person: Pollack Jonathan (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-22	Common Stock	M	65000	$4.05	Acquired	109851	Direct
2019-11-22	Common Stock	F	33772	$7.795	Disposed	76079	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-22	Option (right to buy)	$4.05	M	65000	Disposed	2019-12-13	Common Stock (65000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	85200	Indirect
Common Stock	2300	Indirect

Footnotes

F1: On November 22, 2019, the reporting person exercised in full an option to purchase 65,000 shares of common stock of CECO Environmental Corp. ("CECO") for $4.05 per share on a cashless basis, resulting in the net issuance of 31,228 shares to the reporting person. The payment of the exercise price of the option on a cashless basis was previously approved by the Compensation Committee of the Board of Directors of CECO for purposes of Rule 16b-3(e) under the Securities Exchange Act of 1934.

F2: These shares are owned directly by JMP FAM Holdings Inc., and indirectly by Jonathan Pollack. Jonathan Pollack is deemed to control JMP FAM Holdings Inc. because he has sole voting and dispositive power of the shares of common stock of the Issuer owned directly by JMP FAM Holdings Inc.