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FUEL TECH, INC. Director's Dealing 2008

May 2, 2008

34249_dirs_2008-05-02_3e553753-e9b0-48e0-bfa2-5e1e54de7e1e.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: 2008-04-30

Reporting Person: SCHWARTZ NOLAN R (Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-04-30 Common Stock A 209000 $1.75 Acquired 234354 Direct
2008-04-30 Common Stock D 15025 $24.34 Disposed 219329 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-04-30 Warrants $1.75 M 209000 Disposed 2008-04-30 Common (209000) Direct

Footnotes

F1: Net Issue exercise of warrants expiring 04/30/2008