SEC Form 4 · accession 0001362832-15-000005
ALBANY INTERNATIONAL CORP /DE/ · AIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dawne H Wimbrow
Officer — Vice President GIS & CIO
Period of report
Nov 11, 2015
Accepted (ET)
Nov 12, 2015 · 9:52 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 StockF1 | Nov 11, 2015 | M | 553 | $0.00 | A | 553 | D | |
| Class A Common StockF1 | Nov 11, 2015 | D | 553 | $32.27 | D | 0 | D | |
| Class A Common Stock | holding | — | — | — | 578 | 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 UnitsF4,F5,F6 | — | Nov 11, 2015 | M | 553 | D | Nov 11, 2011 | — | Class A Common Stock | 553 | 0 | D |
| Employee Stock OptionF2,F3 | $20.45 | holding | — | — | — | — | Nov 6, 2021 | Class A Common | 300 | 300 | D |
| Employee Stock OptionF2,F3 | $20.63 | holding | — | — | — | — | Nov 7, 2022 | Class A Common | 600 | 900 | D |
| Phantom Stock UnitsF7,F8 | — | holding | — | — | — | Mar 1, 2013 | — | Class A Common Stock | 1,400 | 1,400 | D |
| Phantom Stock UnitsF9,F10 | — | holding | — | — | — | Mar 1, 2014 | — | Class A Common Stock | 1,621 | 1,621 | D |
| Phantom Stock UnitsF11,F12 | — | holding | — | — | — | Mar 1, 2015 | — | Class A Common Stock | 1,813 | 1,813 | 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 4). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
- F10540 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2014.
- F11Phantom 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.
- F12453 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2015.
- F2Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.
- F3Fully exercisable.
- F4Restricted 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.
- F5500 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2011.
- F6Includes dividend units accrued on Restricted Stock Units on April 7, July 8 and October 7, 2015.
- F7Phantom 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.
- F8701 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2013.
- F9Phantom 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.