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FUEL TECH, INC. Director's Dealing 2007

May 29, 2007

34249_dirs_2007-05-29_e46a84ce-a8b5-4394-9264-7f60db64459e.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FUEL TECH, INC. (FTEK)
CIK: 0000846913
Period of Report: 2007-05-24

Reporting Person: BAILEY DOUGLAS G (Director, Deputy Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-24	Common Stock	G	40000	$26.295	Disposed	192792	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Warrant	$1.75	2008-04-30	Common (1250000)	1250000	Direct
Common Option	$1.531	2008-07-17	Common (10000)	10000	Direct
Common Option	$2.125	2009-06-28	Common (10000)	10000	Direct
Common Option	$2.344	2010-06-26	Common (10000)	10000	Direct
Common Option	$3.595	2011-06-13	Common (10000)	10000	Direct
Common Option	$6.265	2012-06-16	Common (10000)	10000	Direct
Common Option	$4.195	2013-05-29	Common (10000)	10000	Direct
Common Option	$3.80	2013-12-09	Common (40000)	40000	Direct
Common Option	$4.68	2014-12-07	Common (15000)	15000	Direct
Common Option	$8.46	2015-12-06	Common (12500)	12500	Direct
Common Option	$25.49	2016-12-07	Common (10000)	10000	Direct

Footnotes

F1: gift of appreciated securities to educational institution