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SEC USE ONLY

DOCUMENT SEQUENCE NO.

CUSIP NUMBER

WORK LOCATION

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 144

NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933


ATTENTION:		Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker.

1(a)	Name of Issuer	(b)	IRS Ident. No.	(c)	S.E.C. File No.
	Peerless Mfg. Co.		75-0724417		0
(d)	Address of Issuer			(e)	Telephone No.
	14651 North Dallas Parkway Suite 500		Dallas , TX 75254		214 357-6181
	(Street)		(City) (State) (Zip Code)		(Area Code) (Number)
2(a)	Name of Person For Whose Account theSecurities are to be Sold			(b)	Relationship to Issuer
	David Taylor				Vice President
(c)	Address
	14651 North Dallas Parkway Suite 500		Dallas , TX 75254
	(Street)		(City) (State) (Zip Code)

INSTRUCTION:

The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number

3(a) Title of theClass ofSecurities tobe Sold

(b) Name and Addressof Each BrokerThrough Whom theSecurities are to be Offered or EachMarket Maker Whois Acquiring the Securities

SEC USEONLY Broker-DealerFile Number

(d) AggregateMarket Value (See Instr. 3(d))

(e) Number ofShares or OtherUnits Outstanding(See Instr. 3(e))

(f) ApproximateDate of Sale(Mo/Day/Yr)(See Instr. 3(f))

(g)Name of EachSecuritiesExchange (See Instr. 3(g))

Common Stock

~~Deutsche~~Deutche ~~Bank~~Banc Alex. Brown

812,~~000~~500

~~335~~540,~~280~~625

6,~~483~~501,~~888~~788

0506-2023-08

Nasdaq Select

200 Crescent Court, Suite 500

Market

200 Crecent Court, Suite 500

Dallas, Texas 75201

INSTRUCTIONS:


1.	(a)	Name of issuer
	(b)	Issuer’s I.R.S. Identification Number
	(c)	Issuer’s S.E.C. file number, if any
	(d)	Issuer’s address, including zip code
	(e)	Issuer’s telephone number, including area code

2.	(a)	Name of person for whose account the securities are to be sold
	(b)	Such person’s relationship to the issuer (e.g., officer, director, 10% stockholder, or member of immediate family of any of the foregoing)
	(c)	Such person’s address, including zip code

3.	(a)	Title of the class of securities to be sold
	(b)	Name and address of each broker through whom the securities are intended to be sold
	(c)	Number of shares or other units to be sold (if debt securities, give the aggregate face amount)
	(d)	Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice
	(e)	Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown by the most recent report or statement published by the issuer
	(f)	Approximate date on which the securities are to be sold
	(g)	Name of each securities exchange, if any, on which the securities are intended to be sold

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TABLE I — SECURITIES TO BE SOLD Furnish the following information with respect to the acquisition of the securities to be soldand with respect to the payment of all or any part of the purchase price or other consideration therefor:

Title of the Class

Date YouAcquired

Nature of AcquisitionTransaction

Name of Person fromWhom Acquired(if gift, also givedate donor acquired)

Amount ofSecuritiesAcquired

Date ofPayment

Nature ofPayment

Common Stock

11/-20~~/2003~~-01

Exercise of ~~Non-~~non Qualified Stock Option

Peerless Mfg. Co.

~~8000~~8,000

~~05/20/2008~~06-23-08

Cash

Common Stock

02-03-05

Exercise of non Qualified Stock Option

Peerless Mfg. Co.

4,500

06-23-08

Cash

INSTRUCTIONS:

If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

TABLE II — SECURITIES SOLD DURING THE PAST 3 MONTHSFurnish the following information as to all securities of the issuer soldduring the past 3 months by the person for whose account the securities are to be sold.

Name and Address of Seller

Title of Securities Sold

Date of Sale

Amount of Securities Sold

Gross Proceeds

Not Applicable

None

David Taylor - 14651 North Dallas Parkway Suite 500 - Dallas, Texas 75254

Common Stock

05-20-08

8,000

327,318.

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REMARKS:

INSTRUCTIONS: See the definition of “person” in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.		ATTENTION: The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the issuer of the securities to be sold which has not been publicly disclosed.
05-20-08		/s/ David Taylor
06-24-08		/s/ David Taylor
DATE OF NOTICE		(SIGNATURE)

The notice shall be signed by the persons for whose account the securities are to be sold.
At least one copy of the notice shall be manually signed.
Any copies not manually signed shall bear typed or printed signatures.

ATTENTION:
Intentional misstatements or omission of facts constitute
Federal Criminal Violations (See 18 U.S.C. 1001)

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