FUEL TECH, INC. — Director's Dealing 2007

Mar 12, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FUEL TECH, INC. (FTEK)
CIK: 0000846913
Period of Report: 2006-12-07

Reporting Person: Smyrniotis Christopher R (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-08	Common Option	A	7500	$4.389	Acquired	7500	Direct
2007-03-08	Common Option	S	7500	$26.044	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-08	Common Option	$4.68	M	5000	Disposed	2014-12-07	Common (5000)	Direct
2007-03-08	Common Option	$3.80	M	2500	Disposed	2013-12-09	Common (2500)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Option	$5.98	2012-02-02	Common (10000)	10000	Direct
Common Option	$8.46	2015-12-06	Common (15000)	15000	Direct
Common Option	$25.49	2008-12-07	2008-12-07 (20000)	20000	Direct