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Filing Details

Accession Number:: 0001104659-17-008419
Form Type:: 13G Filing
Publication Date:: 2017-02-13 10:54:54

Filed By:: Trigran Investments
Company:: Ceco Environmental Corp (NASDAQ:CECO)
Filing Date:: 2017-02-13
SEC Url:: 13G Filing

Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name	Shared Voting Power	Shared Dispositive Power	Aggregate Amount Owned Power	Percent of Class
Trigran Investments, Inc	1,406,538	1,406,538	1,406,538	Approximately 4.1%
Douglas Granat	1,406,538	1,406,538	1,406,538	Approximately 4.1%
Lawrence A. Oberman	1,406,538	1,406,538	1,406,538	Approximately 4.1%
Steven G. Simon	1,406,538	1,406,538	1,406,538	Approximately 4.1%
Bradley F. Simon	1,406,538	1,406,538	1,406,538	Approximately 4.1%

Filing

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

SCHEDULE 13G

(Rule 13d-102)

Information Statement Pursuant to Rules 13d-1

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

CECO Environmental Corp.

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)

125141101

(CUSIP Number)

December 31, 2016

Date of Event Which Requires Filing of the Statement

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

x	Rule 13d-1(b)
o	Rule 13d-1(c)
o	Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting persons 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).

CUSIP No. 125141101						13G	Page 2 of 10

	1.	Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Trigran Investments, Inc.

	2.	Check the Appropriate Box if a Member of a Group
		(a)		o
		(b)		x

	3.	SEC Use Only

	4.	Citizenship or Place of Organization Illinois company

Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0

			6.		Shared Voting Power 1,406,538 shares of common stock

			7.		Sole Dispositive Power 0

			8.		Shared Dispositive Power 1,406,538 shares of common stock

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,406,538 shares of common stock

	10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o

	11.	Percent of Class Represented by Amount in Row (9) Approximately 4.1% as of December 31, 2016 (based on 34,161,493 shares of common stock issued and outstanding per CECO Environmental Corp. Form 10-Q dated November 8, 2016).

	12.	Type of Reporting Person IA/CO

CUSIP No. 125141101						13G	Page 3 of 10

	1.	Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Douglas Granat

	2.	Check the Appropriate Box if a Member of a Group
		(a)		o
		(b)		x

	3.	SEC Use Only

	4.	Citizenship or Place of Organization U.S. Citizen

Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0

			6.		Shared Voting Power 1,406,538 shares of common stock

			7.		Sole Dispositive Power 0

			8.		Shared Dispositive Power 1,406,538 shares of common stock

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,406,538 shares of common stock

	10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o

	11.	Percent of Class Represented by Amount in Row (9) Approximately 4.1% as of December 31, 2016 (based on 34,161,493 shares of common stock issued and outstanding per CECO Environmental Corp. Form 10-Q dated November 8, 2016).

	12.	Type of Reporting Person IN/HC

CUSIP No. 125141101						13G	Page 4 of 10

	1.	Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Lawrence A. Oberman

	2.	Check the Appropriate Box if a Member of a Group
		(a)		o
		(b)		x

	3.	SEC Use Only

	4.	Citizenship or Place of Organization U.S. Citizen

Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0

			6.		Shared Voting Power 1,406,538 shares of common stock

			7.		Sole Dispositive Power 0

			8.		Shared Dispositive Power 1,406,538 shares of common stock

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,406,538 shares of common stock

	10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o

	11.	Percent of Class Represented by Amount in Row (9) Approximately 4.1% as of December 31, 2016 (based on 34,161,493 shares of common stock issued and outstanding per CECO Environmental Corp. Form 10-Q dated November 8, 2016).

	12.	Type of Reporting Person IN/HC

CUSIP No. 125141101						13G	Page 5 of 10

	1.	Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Steven G. Simon

	2.	Check the Appropriate Box if a Member of a Group
		(a)		o
		(b)		x

	3.	SEC Use Only

	4.	Citizenship or Place of Organization U.S. Citizen

Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0

			6.		Shared Voting Power 1,406,538 shares of common stock

			7.		Sole Dispositive Power 0

			8.		Shared Dispositive Power 1,406,538 shares of common stock

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,406,538 shares of common stock

	10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o

	11.	Percent of Class Represented by Amount in Row (9) Approximately 4.1% as of December 31, 2016 (based on 34,161,493 shares of common stock issued and outstanding per CECO Environmental Corp. Form 10-Q dated November 8, 2016).

	12.	Type of Reporting Person IN/HC

CUSIP No. 125141101						13G	Page 6 of 10

	1.	Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Bradley F. Simon

	2.	Check the Appropriate Box if a Member of a Group
		(a)		o
		(b)		x

	3.	SEC Use Only

	4.	Citizenship or Place of Organization U.S. Citizen

Number of Shares Beneficially Owned by Each Reporting Person With			5.		Sole Voting Power 0

			6.		Shared Voting Power 1,406,538 shares of common stock

			7.		Sole Dispositive Power 0

			8.		Shared Dispositive Power 1,406,538 shares of common stock

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,406,538 shares of common stock

	10.	Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o

	11.	Percent of Class Represented by Amount in Row (9) Approximately 4.1% as of December 31, 2016 (based on 34,161,493 shares of common stock issued and outstanding per CECO Environmental Corp. Form 10-Q dated November 8, 2016).

	12.	Type of Reporting Person IN/HC

CUSIP No. 125141101

13G

Page 7 of 10

Item 1(a)		Name of Issuer: CECO Environmental Corp.
Item 1(b)		Address of Issuers Principal Executive Offices: 4625 Red Bank Road Cincinnati, Ohio 45227

Item 2(a)		Name of Person Filing
Item 2(b)		Address of Principal Business Office
Item 2(c)		Citizenship Trigran Investments, Inc. 630 Dundee Road, Suite 230 Northbrook, IL 60062 Illinois company Douglas Granat 630 Dundee Road, Suite 230 Northbrook, IL 60062 U.S. Citizen Lawrence A. Oberman 630 Dundee Road, Suite 230 Northbrook, IL 60062 U.S. Citizen Steven G. Simon 630 Dundee Road, Suite 230 Northbrook, IL 60062 U.S. Citizen Bradley F. Simon 630 Dundee Road, Suite 230 Northbrook, Illinois 60062 U.S. Citizen
2(d)		Title of Class of Securities: Common Stock, $0.01 par value
2(e)		CUSIP Number: 125141101

Item 3	If this statement is filed pursuant to Rules 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 Exchange Act;
	(b)	o	Bank as defined in section 3(a)(6) of the Exchange Act;
	(c)	o	Insurance company as defined in section 3(a)(19) of the Exchange Act;
	(d)	o	Investment company registered under section 8 of the Investment Company Act;
	(e)	x	An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
	(f)	o	An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
	(g)	x	A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
	(h)	o	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
	(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;
	(j)	o	A non-U.S. institution in accordance with Rule 13d1(b)(1)(ii)(J);
	(k)	o	Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d1(b)(1)(ii)(J), please specify the type of institution: ____

If this statement is filed pursuant to Rule 13d-1(c), check this box. o

CUSIP No. 125141101

13G

Page 8 of 10

Item 4	Ownership:(1)
	(a)	Amount beneficially owned: Incorporated by reference to Item 9 of the cover page pertaining to each reporting person.
	(b)	Percent of class: Incorporated by reference to Item 11 of the cover page pertaining to each reporting person.
	(c)	Number of shares as to which such person has:
		(i)	Sole power to vote or to direct the vote: Incorporated by reference to Item 5 of the cover page pertaining to each reporting person.
		(ii)	Shared power to vote or to direct the vote: Incorporated by reference to Item 6 of the cover page pertaining to each reporting person.
		(iii)	Sole power to dispose or to direct the disposition of: Incorporated by reference to Item 7 of the cover page pertaining to each reporting person.
		(iv)	Shared power to dispose or to direct the disposition of: Incorporated by reference to Item 8 of the cover page pertaining to each reporting person.

(1) Douglas Granat, Lawrence A. Oberman, Steven G. Simon and Bradley F. Simon are the controlling shareholders and/or sole directors of Trigran Investments, Inc. and thus may be considered the beneficial owners of shares beneficially owned by Trigran Investments, Inc.

Item 5	Ownership of Five Percent or Less of a Class:
As of the date hereof, each of the reporting persons has ceased to be the beneficial owner of more than five percent of the class of securities.

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:
Not Applicable.

Item 9	Notice of Dissolution of Group:
Not Applicable.

CUSIP No. 125141101

13G

Page 9 of 10

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.

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

Dated this 13th day of February, 2017

TRIGRAN INVESTMENTS, INC.

By:	s/ Lawrence A. Oberman
Name:	Lawrence A. Oberman
Title:	Executive Vice President and Director


s/ Douglas Granat
Douglas Granat


s/ Lawrence A. Oberman
Lawrence A. Oberman


s/ Steven G. Simon
Steven G. Simon


/s/ Bradley F. Simon
Bradley F. Simon

CUSIP No. 125141101

13G

Page 10 of 10

INDEX TO EXHIBITS		PAGE

EXHIBIT 1: Agreement to Make a Joint Filing		1