Note Q - Share Repurchase Program

9 Months Ended

Sep. 30, 2011

Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]

 Note Q:  Share Repurchase Program

In August 2011, Fuel Tech’s board of Directors authorized the repurchase of up to $6 million dollars of its outstanding common shares through December 31, 2012.  The share repurchase program will be funded through the Company’s existing cash on hand.  Purchases made pursuant to the program will be made in either the open market or in privately negotiated transactions from time to time as permitted by federal securities laws and other legal requirements. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements, and other factors.  The program may be suspended or discontinued at any time.

For the three months ended September 30, 2011, Fuel Tech repurchased an aggregate of 571,554 common shares for a total cost of approximately $3,367, including commissions of approximately $23. These acquired shares have been retired and are no longer shown as issued or outstanding shares.  As of September 30, 2011, the Company is authorized to repurchase additional shares with a cost up to approximately $2,633 under its share repurchase program.  The following table summarizes our share repurchase program since its inception:

Period	Total Number of Shares Purchased		Average Price Paid Per Share		Total Cost		Maximum Dollar Value of Shares That May Yet Be Purchased Under the Program
August 25, 2011 through August 31, 2011		194,441	$	5.97	$	1,160	$	4,839
September 1, 2011 through September 30, 2011		377,113		5.86		2,207		2,633
Total		571,554	$	5.89	$	3,367	$	2,633