SEC Form 4 · accession 0000899243-16-035194

CECO ENVIRONMENTAL CORP · CECO

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director · 10% Owner

Period of report

Dec 8, 2016

Accepted (ET)

Dec 9, 2016 · 7:31 am EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000003197

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Dec 8, 2016	X	250,000	$9.07	A	2,869,906	I	By Icarus Investment Corp.
Common Stock^F1	Dec 8, 2016	D	160,360	$14.14	D	2,709,546	I	By Icarus Investment Corp.
Common Stock	holding	—	—		—	1,377,974	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrant (right to buy)^F1	$9.07	Dec 8, 2016	X	250,000	D	Dec 28, 2006	Dec 28, 2016	Common Stock	250,000	0	I

F1Filer is an officer of Icarus Investment Corp. ("Icarus") and disclaims beneficial ownership except to the extent of his pecuniary interest therein.
F2On December 8, 2016, Icarus exercised in full a warrant to purchase 250,000 shares of common stock of CECO Environmental Corp. ("CECO") for $9.07 per share. Icarus paid the exercise price on a cashless basis pursuant to the terms of the warrant agreement governing the warrant, resulting in CECO's withholding of 160,360 of the warrant shares to pay the exercise price and issuing to Icarus the remaining 89,640 of the warrant shares. The payment of the exercise price of the warrant on a cashless basis was previously approved by the Compensation Committee of the Board of Directors of CECO for purposes of Rule 16b-3(e) under the Securities Exchange Act of 1934.