SEC Form 4 · accession 0001317900-15-000001

· AIN

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

Reporting owner

Daniel A Halftermeyer

Officer — President, PMC

Period of report

Mar 1, 2015

Accepted (ET)

Mar 3, 2015 · 8:49 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
Class A Common Stock^F1	Mar 1, 2015	A	3,200	$0.00	A	46,256	D
Class A Common Stock^F2	Mar 1, 2015	A	6,671	$0.00	A	52,927	D
Class A Common Stock^F3	Mar 1, 2015	F	2,665	$37.71	D	50,262	D
Class A Common Stock^F4	Mar 1, 2015	M	21,135	$0.00	A	21,135	D
Class A Common Stock^F4	Mar 1, 2015	D	21,135	$35.93	D	0	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 Units^F8,F10,F9	—	Mar 1, 2015	M	21,135	D	Mar 1, 2015	—	Class A Common Stock	42,270	21,135	D
Employee Stock Option^F5,F6	$22.25	holding	—	—	—	—	May 14, 2016	Class A Common Stock	2,000	2,000	D
Employee Stock Option^F5,F6	$19.75	holding	—	—	—	—	Apr 15, 2017	Class A Common Stock	2,000	4,000	D
Employee Stock Option^F7,F6	$19.375	holding	—	—	—	—	Nov 4, 2018	Class A Common Stock	2,500	6,500	D
Employee Stock Option^F7,F6	$15.6875	holding	—	—	—	—	Nov 9, 2019	Class A Common Stock	4,000	10,500	D
Employee Stock Option^F7,F6	$10.5625	holding	—	—	—	—	Nov 15, 2020	Class A Common Stock	2,800	13,300	D
Employee Stock Option^F7,F6	$20.45	holding	—	—	—	—	Nov 6, 2021	Class A Common Stock	4,000	17,300	D
Employee Stock Option^F7,F6	$20.63	holding	—	—	—	—	Nov 7, 2022	Class A Common Stock	4,000	21,300	D

Explanation of responses

F1Shares distributed pursuant to an Annual Performance Bonus Award made under the Albany International Corp. 2011 Incentive Plan (the "Incentive Plan").
F10Includes dividend units accrued on Restricted Stock Units on January 8, 2015.
F2Shares distributed pursuant to a Multi-Year Performance Bonus Award made under the Albany International Corp. 2011 Incentive Plan.
F3Shares withheld to satisfy the tax liability in connection with the acquisitions described in footnotes 1 and 2 above.
F4Deemed 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 8). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
F5Options granted pursuant to the Company's 1992 Stock Option Plan as incentive to remain in employ of the Company.
F6Fully exercisable.
F7Options granted pursuant to the Company's 1998 Stock Option Plan as incentive to remain in employ of the Company.
F8Restricted 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.
F919,889 Restricted Stock Units (plus related dividend units) vest on March 1, 2015; 19,889 Restricted Stock Units (plus related dividend units) vest on August 1, 2015.