SEC Form 4 · accession 0001299383-15-000005
ALBANY INTERNATIONAL CORP /DE/ · AIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph M Gaug
Officer — Assistant Secretary
Period of report
Nov 11, 2015
Accepted (ET)
Nov 12, 2015 · 9:47 am 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 StockF2 | Nov 11, 2015 | M | 221 | $0.00 | A | 221 | D | |
| Class A Common StockF2 | Nov 11, 2015 | D | 221 | $32.27 | D | 0 | D | |
| Class A Common StockF1 | holding | — | — | — | 1,094 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4,F5 | — | Nov 11, 2015 | M | 221 | D | Nov 11, 2011 | — | Class A Common Stock | 221 | 0 | D |
| Phantom Stock UnitsF6,F7 | — | holding | — | — | — | Mar 1, 2013 | — | Class A Common Stock | 860 | 860 | D |
| Phantom Stock UnitsF8,F9 | — | holding | — | — | — | Mar 1, 2014 | — | Class A Common Stock | 993 | 993 | D |
| Phantom Stock UnitsF10,F11 | — | holding | — | — | — | Mar 1, 2015 | — | Class A Common Stock | 965 | 965 | D |
Explanation of responses
- F1Since the date of the reporting person's last ownership report, he transferred 1,083 shares of Class A Common Stock held by 401(k) to his ex-wife pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-wife.
- F10Phantom 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.
- F11241 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2015.
- F2Deemed acquisition and disposition to the issuer of shares of stock underlying Restricted Stock Units upon automatic vesting and cash settlement of such units (see footnote 3). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
- F3Restricted 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.
- F4200 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2011.
- F5Includes dividend units accrued on Restricted Stock Units on April 7, July 8 and October 7, 2015.
- F6Phantom 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.
- F7429 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2013.
- F8Phantom 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.
- F9331 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2014.