Edgar Filing: FUEL TECH, INC.

sc13g

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. __)*

Fuel Tech, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

359523107

(CUSIP Number of Class of Securities)

Jim Black
Orrick, Herrington & Sutcliffe LLP
405 Howard Street
San Francisco, CA 94105
(415) 773-5840

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

April 23, 2008

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o		Rule 13d-1(b)

þ		Rule 13d-1(c)

o		Rule 13d-1(d)

(Continued on following pages)

(Page 1 of 10 Pages)


^* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13G


CUSIP No.		359523107


1	NAMES OF REPORTING PERSONS I.R.S. Identification Nos. of above persons (entities only) Kevin Douglas


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	United States

		5	SOLE VOTING POWER

NUMBER OF			-0-

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			877,800 (1)

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			-0-

WITH		8	SHARED DISPOSITIVE POWER

			1,254,000 (2)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	1,254,000

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	5.59%(3)

12	TYPE OF REPORTING PERSON

	IN


(1)		Kevin Douglas and his wife, Michelle Douglas, hold 539,221 shares jointly as the beneficiaries and co-trustees of the Kevin and Michelle Douglas Trust. In addition, Kevin Douglas and Michelle Douglas are co-trustees of the James Douglas and Jean Douglas Irrevocable Descendants’ Trust, which holds 338,579 shares. Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934, Kevin Douglas disclaims ownership of these shares except to the extent of his pecuniary interest therein.

(2)		Kevin Douglas has dispositive power with respect to 125,400 shares held by James E. Douglas, III and 250,800 shares held by the Douglas Family Trust, in addition to the shares held by the Kevin and Michelle Douglas Trust and by the James Douglas and Jean Douglas Irrevocable Descendants’ Trust. Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934, Kevin Douglas disclaims ownership of these shares except to the extent of his pecuniary interest therein.

(3)		Based on 22,415,064 shares of the Issuer’s Common Stock outstanding as of February 4, 2008, as reported in its report on Form 10-K for the fiscal year ended December 31, 2007.

2 of 12

SCHEDULE 13G


CUSIP No.		359523107


1	NAMES OF REPORTING PERSONS I.R.S. Identification Nos. of above persons (entities only) Michelle Douglas


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	United States

		5	SOLE VOTING POWER

NUMBER OF			-0-

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			877,800 (1)

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			-0-

WITH		8	SHARED DISPOSITIVE POWER

			877,800 (1)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	877,800

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	3.92%(2)

12	TYPE OF REPORTING PERSON

	IN


(1)		Michelle Douglas and her husband, Kevin Douglas, hold 539,221 shares jointly as the beneficiaries and co-trustees of the Kevin and Michelle Douglas Trust. In addition, Michelle Douglas and Kevin Douglas are co-trustees of the James Douglas and Jean Douglas Irrevocable Descendants’ Trust, which holds 338,579 shares. Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934, Michelle Douglas disclaims ownership of these shares except to the extent of her pecuniary interest therein.

(2)		Based on 22,415,064 shares of the Issuer’s Common Stock outstanding as of January 31, 2008, as reported in its report on Form 10-K for the fiscal year ended December 31, 2007.

Page 3 of 12

SCHEDULE 13G


CUSIP No.		359523107


1	NAMES OF REPORTING PERSONS I.R.S. Identification Nos. of above persons (entities only) James E. Douglas, III


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	United States

		5	SOLE VOTING POWER

NUMBER OF			125,400

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			-0-

WITH		8	SHARED DISPOSITIVE POWER

			125,400 (1)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	125,400

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	0.56%(2)

12	TYPE OF REPORTING PERSON

	IN


(1)		Kevin Douglas has dispositive power with respect to 125,400 shares held by James E. Douglas, III.

(2)		Based on 22,415,064 shares of the Issuer’s Common Stock outstanding as of January 31, 2008, as reported in its report on Form 10-K for the fiscal year ended December 31, 2007.

Page 4 of 12

SCHEDULE 13G


CUSIP No.		359523107


1	NAMES OF REPORTING PERSONS I.R.S. Identification Nos. of above persons (entities only) Douglas Family Trust (1)


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	California

		5	SOLE VOTING POWER

NUMBER OF			250,800

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			-0-

WITH		8	SHARED DISPOSITIVE POWER

			250,800 (2)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	250,800

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	1.12%(2)

12	TYPE OF REPORTING PERSON

	OO


(1)		James E. Douglas, Jr. and Jean A. Douglas, husband and wife, are co-trustees.

(2)		Kevin Douglas has dispositive power with respect to 250,800 shares held by the Douglas Family Trust.

(3)		Based on 22,415,064 shares of the Issuer’s Common Stock outstanding as of January 31, 2008, as reported in its report on Form 10-K for the fiscal year ended December 31, 2007.

Page 5 of 12

SCHEDULE 13G


CUSIP No.		359523107


1	NAMES OF REPORTING PERSONS I.R.S. Identification Nos. of above persons (entities only) James Douglas and Jean Douglas Irrevocable Descendants’ Trust (1)


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
	(a) o
	(b) þ

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	California

		5	SOLE VOTING POWER

NUMBER OF			338,579

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			338,579

WITH		8	SHARED DISPOSITIVE POWER

			-0-

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	338,579

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	1.51%(2)

12	TYPE OF REPORTING PERSON

	OO


(1)		Kevin Douglas and Michelle Douglas, husband and wife, are co-trustees.

(2)		Based on 22,415,064 shares of the Issuer’s Common Stock outstanding as of January 31, 2008, as reported in its report on Form 10-K for the fiscal year ended December 31, 2007.

Page 6 of 12

Item 1.

	(a)		Name of Issuer: Fuel Tech, Inc.

	(b)		Address of Issuer’s Principal Executive Offices: 512 Kingsland Drive Batavia, Illinois 60510

Item 2.

	(1)(a)		NAME OF PERSONS FILING: Kevin Douglas Michelle Douglas James E. Douglas, III

	(b)		ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 125 E. Sir Francis Drake Blvd., Ste 400 Larkspur, CA 94939

	(c)		CITIZENSHIP: United States

	(d)		TITLE OF CLASS OF SECURITIES: Common Stock

	(e)		CUSIP NUMBER: 359523107

	(2)(a)		NAME OF PERSONS FILING: Douglas Family Trust James Douglas and Jean Douglas Irrevocable Descendants’ Trust

	(b)		ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 125 E. Sir Francis Drake Blvd., Ste 400 Larkspur, CA 94939

	(c)		CITIZENSHIP: California

	(d)		TITLE OF CLASS OF SECURITIES: Common Stock

	(e)		CUSIP NUMBER: 359523107

Page 7 of 12

Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:

	(a) o		Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

	(b) o		Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

	(c) o		Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

	(d) o		Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8)

	(e) o		An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

	(f) o		An employee benefit plan or endowment fund in accordance with §240.13d- 1(b)(1)(ii)(F);

	(g) o		A parent holding company or control person in accordance with §240.13d- 1(b)(1)(ii)(G);

	(h) o		A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

	(i) o		A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a- 3);

	(j) o		Group, in accordance with §240.13d-1(b)(1)(ii)(J)

Not Applicable.

Page 8 of 12

Item 4. Ownership

Reference is made to Rows 5-9 and 11 of each of the cover pages of this Schedule 13G and associated footnotes, which Rows and footnotes are incorporated by reference herein.

As of the date of the event which required the filing of this Schedule 13G, the Reporting Persons held directly the following number of shares of the Issuer’s Common Stock:


	COMMON STOCK
REPORTING PERSON	DIRECTLY HELD
Kevin and Michelle Douglas (1)(2)		539,221
James E. Douglas, III (3)		125,400
Douglas Family Trust (4)		250,800
James Douglas and Jean Douglas Irrevocable Descendants’ Trust (5)		338,579

Total		1,254,000


(1)		Kevin Douglas has (i) shared voting and shared dispositive power with respect to all 539,221 shares he holds jointly with his wife, Michelle Douglas, as the beneficiaries and co-trustees of the Kevin and Michelle Douglas Trust; (ii) shared dispositive power with respect to all 125,400 shares held directly by James E. Douglas, III and all 250,800 shares held directly by the Douglas Family Trust pursuant to written authorizations; and (iii) shared voting and shared dispositive power, in his capacity as co-trustee, with respect to all 338,579 shares held directly by the James Douglas and Jean Douglas Irrevocable Descendants’ Trust. Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934, Kevin Douglas disclaims ownership of these shares except to the extent of his pecuniary interest therein.

(2)		Michelle Douglas has (i) shared voting and shared dispositive power with respect to all 539,221 shares she holds jointly with her husband, Kevin Douglas, as the beneficiaries and co-trustees of the Kevin and Michelle Douglas Trust and (ii) shared voting and shared dispositive power, in her capacity as co-trustee, with respect to all 338,579 shares held directly by the James Douglas and Jean Douglas Irrevocable Descendants’ Trust. Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934, Michelle Douglas disclaims ownership of these shares except to the extent of her pecuniary interest therein.

(3)		James E. Douglas, III has sole voting power with respect to all 125,400 shares he holds directly and has shared dispositive power along with Kevin Douglas with respect to all of such shares.

(4)		The Douglas Family Trust has sole voting power with respect to all 250,800 shares it holds directly and has shared dispositive power with Kevin Douglas with respect to all of such shares.

(5)		The James Douglas and Jean Douglas Irrevocable Descendants’ Trust has sole voting and sole dispositive power with respect to all 338,579 shares it holds directly.

Each of the Reporting Persons hereunder may be deemed a member of a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or Rule 13d-5 promulgated under the Exchange Act with one or more of the other Reporting Persons hereunder. Although the Reporting Persons are reporting such securities as if they were members of a “group,” the filing of this Schedule 13G shall not be construed as an admission by any

Page 9 of 12


Reporting Person that such Reporting Person is a beneficial owner of any securities other than those directly held by such Reporting Person.


Item 5.		Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: o


Item 6.		Ownership of More Than Five Percent on Behalf of Another Person

Not applicable.


Item 7.		Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company

Not applicable.


Item 8.		Identification and Classification of Members of the Group

See Item 4 of this Schedule 13G and the Joint Filing Agreement attached hereto as Exhibit A.


Item 9.		Notice of Dissolution of Group

Not applicable.


Item 10.		Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Page 10 of 12

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.



Date: April 30, 2008	By:	/s/ Eileen Davis-Wheatman, as Attorney-in-Fact
	Kevin Douglas



Date: April 30, 2008	By:	/s/ Eileen Davis-Wheatman, as Attorney-in-Fact
	Michelle Douglas



Date: April 30, 2008	By:	/s/ Eileen Davis-Wheatman, as Attorney-in-Fact
	James E. Douglas, III


	DOUGLAS FAMILY TRUST
Date: April 30, 2008	By:	/s/ Eileen Davis-Wheatman, as Attorney-in-Fact
	Name:		James E. Douglas, Jr.
	Title:		Trustee


Date: April 30, 2008	By:	/s/ Eileen Davis-Wheatman, as Attorney-in-Fact
	Name:		Jean A. Douglas
	Title:		Trustee

	JAMES DOUGLAS AND JEAN DOUGLAS IRREVOCABLE DESCENDANTS’ TRUST
Date: April 30, 2008	By:	/s/ Eileen Davis-Wheatman, as Attorney-in-Fact
	Name:		Kevin Douglas
	Title:		Trustee


Date: April 30, 2008	By:	/s/ Eileen Davis-Wheatman, as Attorney-in-Fact
	Name:		Michelle Douglas
	Title:		Trustee

EXHIBIT A

JOINT FILING AGREEMENT

This Joint Filing Agreement (this “Agreement”) hereby confirms the agreement by and among all of the undersigned that the Schedule 13G to which this Agreement is attached as Exhibit A with respect to the beneficial ownership of the undersigned of shares of the common stock of Particle Drilling Technologies, Inc. is being filed on behalf of each of the undersigned. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.



Date: April 30, 2008	By:	/s/ Eileen Davis-Wheatman, as Attorney-in-Fact
	Kevin Douglas



Date: April 30, 2008	By:	/s/ Eileen Davis-Wheatman, as Attorney-in-Fact
	Michelle Douglas



Date: April 30, 2008	By:	/s/ Eileen Davis-Wheatman, as Attorney-in-Fact
	James E. Douglas, III


	DOUGLAS FAMILY TRUST
Date: April 30, 2008	By:	/s/ Eileen Davis-Wheatman, as Attorney-in-Fact
	Name:		James E. Douglas, Jr.
	Title:		Trustee


Date: April 30, 2008	By:	/s/ Eileen Davis-Wheatman, as Attorney-in-Fact
	Name:		Jean A. Douglas
	Title:		Trustee

	JAMES DOUGLAS AND JEAN DOUGLAS IRREVOCABLE DESCENDANTS’ TRUST
Date: April 30, 2008	By:	/s/ Eileen Davis-Wheatman, as Attorney-in-Fact
	Name:		Kevin Douglas
	Title:		Trustee


Date: April 30, 2008	By:	/s/ Eileen Davis-Wheatman, as Attorney-in-Fact
	Name:		Michelle Douglas
	Title:		Trustee