SEC Form 4 · accession 0001317900-15-000002
ALBANY INTERNATIONAL CORP /DE/ · AIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel A Halftermeyer
Officer — President, PMC
Period of report
Aug 1, 2015
Accepted (ET)
Aug 3, 2015 · 10:25 am EDT
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 StockF1 | Aug 1, 2015 | M | 21,311 | $0.00 | A | 21,311 | D | |
| Class A Common StockF1 | Aug 1, 2015 | D | 21,311 | $39.05 | D | 0 | D | |
| Class A Common Stock | holding | — | — | — | 50,262 | 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 UnitsF5,F6,F7 | — | Aug 1, 2015 | M | 21,311 | D | Mar 1, 2015 | — | Class A Common Stock | 21,311 | 0 | D |
| Employee Stock OptionF2,F3 | $22.25 | holding | — | — | — | — | May 14, 2016 | Class A Common Stock | 2,000 | 2,000 | D |
| Employee Stock OptionF2,F3 | $19.75 | holding | — | — | — | — | Apr 15, 2017 | Class A Common Stock | 2,000 | 4,000 | D |
| Employee Stock OptionF4,F3 | $19.375 | holding | — | — | — | — | Nov 4, 2018 | Class A Common Stock | 2,500 | 6,500 | D |
| Employee Stock OptionF4,F3 | $15.6875 | holding | — | — | — | — | Nov 9, 2019 | Class A Common Stock | 4,000 | 10,500 | D |
| Employee Stock OptionF4,F3 | $10.5625 | holding | — | — | — | — | Nov 15, 2020 | Class A Common Stock | 2,800 | 13,300 | D |
| Employee Stock OptionF4,F3 | $20.45 | holding | — | — | — | — | Nov 6, 2021 | Class A Common Stock | 4,000 | 17,300 | D |
| Employee Stock OptionF4,F3 | $20.63 | holding | — | — | — | — | Nov 7, 2022 | Class A Common Stock | 4,000 | 21,300 | D |
Explanation of responses
- F1Deemed 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 5). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
- F2Options granted pursuant to the Company's 1992 Stock Option Plan as incentive to remain in employ of the Company.
- F3Fully exercisable.
- F4Options granted pursuant to the Company's 1998 Stock Option Plan as incentive to remain in employ of the Company.
- F5Restricted 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.
- F619,889 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.
- F7Includes dividend units accrued on Restricted Stock Units on April 7 and July 8, 2015.