Note 13. Share Repurchase Program

12 Months Ended

Dec. 31, 2011

Treasury Stock [Text Block]

13.   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 year ended December 31, 2011, Fuel Tech repurchased an aggregate of 701,714 common shares for a total cost of approximately $4,111, including commissions of approximately $28. These acquired shares have been retired and are no longer shown as issued or outstanding shares.  As of December 31, 2011, the Company is authorized to repurchase additional shares with a cost up to approximately $1,889 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		Maximum Dollar Value of Shares That May Yet Be Purchased Under the Program
August 25, 2011 through September 30, 2011		571,554	$	5.89	$	2,633
October 1, 2011 through December 31, 2011		130,160		5.71		1,889
Total		701,714	$	5.86	$	1,889