SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Lenfest Harold Fitzgerald

(Last)

(First)

(Middle)

300 BARR HARBOR DRIVE

SUITE 460

(Street)

WEST CONSHOHOCKEN

19428

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ENVIRONMENTAL TECTONICS CORP [ ETCC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2009

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrant⁽¹⁾	$1.39	02/20/2009		A		143,885		02/20/2009	02/20/2016	Common Stock	143,885	$0	143,885	D
Series D Convertible Preferred Stock⁽²⁾	$0.94	04/24/2009		A		55		04/24/2009	⁽⁶⁾	Common Stock	58,511	$1,000	55	D
Series D Convertible Preferred Stock⁽³⁾	$1.11	07/02/2009		A		100		07/02/2009	⁽⁶⁾	Common Stock	90,090	$1,000	155	D
Senior Subordinated Convertible Promissory Note⁽⁴⁾	$6.05	07/02/2009		J			1	02/18/2003	03/01/2010	Common Stock	1,652,892	$10,000,000	0	D
Series B Convertible Preferred Stock⁽⁴⁾	$4.95	07/02/2009		J			3,000	04/06/2006	⁽⁶⁾	Common Stock	606,060	$1,000	0	D
Series B Convertible Preferred Stock⁽⁴⁾	$6.68	07/02/2009		J			3,000	07/31/2006	⁽⁶⁾	Common Stock	449,101	$1,000	0	D
Series C Convertible Preferred Stock⁽⁴⁾	$3.03	07/02/2009		J			3,300	08/23/2007	⁽⁶⁾	Common Stock	1,089,109	$1,000	0	D
Series E Cumulative Convertible Preferred Stock⁽⁴⁾	$2	07/02/2009		J		23,741		07/02/2009	⁽⁶⁾	Common Stock	11,870,500	$1,000	23,741	D
Warrant⁽⁵⁾	$1.11	07/02/2009		A		450,450		07/02/2009	07/02/2016	Common Stock	450,450	$0	594,335	D

Explanation of Responses:

1. Issued to Reporting Person in connection with $2 million loan by Reporting Person to Issuer on February 20, 2009.

2. Paid to Reporting Person as an origination fee of one percent (1%) of the committed (but not yet advanced) amount of the credit facility provided by Reporting Person to Issuer.

3. Paid to Reporting Person as an origination fee in connection with Issuer's entering into certain financing documents with PNC Bank, National Association.

4. In connection with a certain financing transaction between Reporting Person and Issuer, the Senior Subordinated Convertible Promissory Note in the original principal amount of $10,000,000 issued by Issuer to Reporting Person on February 18, 2003, together with all accrued interest and warrants issuable pursuant to the terms of such note, and all Series B Convertible Preferred Stock of Issuer and Series C Convertible Preferred Stock of Issuer held by Reporting Person, together with all accrued dividends thereon, were exchanged for 23,741 shares of Series E Convertible Preferred Stock of Issuer.

5. Issued to Reporting Person as consideration for Reporting Person entering into a certain Guaranty on behalf of Issuer.

6. N/A

	/s/ H.F. Lenfest	07/07/2009
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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