FUEL TECH, INC. — Director's Dealing 2011

Oct 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FUEL TECH, INC. (FTEK)
CIK: 0000846913
Period of Report: 2011-09-29

Reporting Person: BAILEY RALPH E (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-29	Common Stock	J	367589	$0.00	Acquired	756046	Direct
2011-09-29	Common Stock	J	2286945	$0.00	Disposed	0	Indirect
2011-09-29	Common Stock	J	1919356	—	Acquired	2125481	Indirect
2011-09-29	Common Stock	G	1919356	$0.00	Disposed	206125	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	170980	Indirect

Footnotes

F1: On September 29, 2011 a family limited liability company, the interests in which company are owned 50% by the reporting person and 50% by the spouse of the reporting person, made a liquidating distribution including Fuel Tech shares. The reporting person held 100% of the voting power over these Fuel Tech shares. 367,589 of the shares and property valued at $9,295,082 were distributed to the reporting person and 1,919,356 shares were distributed to the spouse of the reporting person.

F2: Shares transferred by reporting person's spouse to a grantor retained annuity trust ("Spouse's GRAT").