SEC Form 4 · accession 0001299383-15-000004

· AIN

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

Reporting owner

Joseph M Gaug

Officer — Assistant Secretary

Period of report

Mar 1, 2015

Accepted (ET)

Mar 2, 2015 · 2:23 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^F1	Mar 1, 2015	M	429	$0.00	A	429	D
Class A Common Stock^F1	Mar 1, 2015	D	429	$35.93	D	0	D
Class A Common Stock^F1	Mar 1, 2015	M	331	$0.00	A	331	D
Class A Common Stock^F1	Mar 1, 2015	D	331	$35.93	D	0	D
Class A Common Stock^F1	Mar 1, 2015	M	241	$0.00	A	241	D
Class A Common Stock^F1	Mar 1, 2015	D	241	$35.93	D	0	D
Class A Common Stock	holding	—	—		—	2,150	I	by 401(k)

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Phantom Stock Units^F4,F5	—	Mar 1, 2015	M	429	D	Mar 1, 2013	—	Class A Common Stock	1,289	860	D
Phantom Stock Units^F6,F7	—	Mar 1, 2015	M	331	D	Mar 1, 2014	—	Class A Common Stock	1,324	993	D
Phantom Stock Units^F8,F9	—	Mar 1, 2015	M	241	D	Mar 1, 2015	—	Class A Common Stock	1,206	965	D
Restricted Stock Units^F2,F3	—	holding	—	—	—	Nov 11, 2011	—	Class A Common Stock	218	218	D

Explanation of responses

F1Deemed acquisition and disposition to the issuer of shares of stock underlying Phantom Stock Units upon automatic vesting and cash settlement of such units (see footnotes 4, 6 and 8). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
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.
F3200 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2011.
F4Phantom Stock Units granted on February 14, 2013 pursuant to the Albany International Corp. 2011 Performance Phantom Stock Plan (the "Phantom Stock Plan"). Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
F5429 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2013.
F6Phantom Stock Units granted on February 28, 2014 pursuant to the the Phantom Stock Plan. Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
F7331 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2014.
F8Phantom Stock Units granted on February 27, 2015 pursuant to the the Phantom Stock Plan. Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
F9241 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2015.