SEC Form 4 · accession 0001193974-16-000003
ALBANY INTERNATIONAL CORP /DE/ · AIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ralph M Polumbo
Officer — President- AEC
Period of report
Jan 1, 2016
Accepted (ET)
Jan 5, 2016 · 4:29 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000819793
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | holding | — | — | — | 893 | I | By 401(k) | |
| Class A Common StockF1 | holding | — | — | — | 37,450 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F4,F5 | — | Jan 1, 2016 | D | 21,425 | D | Jan 1, 2015 | — | Class A Common Stock | 21,425 | 0 | D |
Explanation of responses
- F1Includes 2,780 shares acquired pursuant to a dividend reinvestment plan.
- F2Restricted Stock Units granted pursuant to the Albany International Corp. 2003 Restricted Stock Unit Plan (the "Restricted Stock Unit Plan"). Each Restricted Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting or, in the event that the holder elects to defer payment, at such later time elected in accordance with the Restricted Stock Unit Plan.
- F3The forfeiture of 21,425 RSUs pursuant to the Restricted Unit Award Agreement upon the reporting person's retirement from the Company.
- F419,889 Restricted Stock Units (plus related dividend units) vested on January 1, 2015; the remaining Restricted Stock Units (plus related dividend units) will vest on January 1, 2017.
- F5Includes dividend units accrued on Restricted Stock Units on April 7, July 8 and October 7, 2015.