SEC Form 4 · accession 0001363150-17-000002
ALBANY INTERNATIONAL CORP /DE/ · AIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Alan Hansen
Officer — Senior Vice President & CTO
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 8:34 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 | Mar 1, 2017 | A | 3,299 | $0.00 | A | 11,362 | D | |
| Class A Common StockF2 | Mar 1, 2017 | F | 1,034 | $47.40 | D | 10,328 | D | |
| Class A Common StockF3 | Mar 1, 2017 | M | 1,687 | $0.00 | A | 1,687 | D | |
| Class A Common StockF3 | Mar 1, 2017 | D | 1,687 | $47.44 | D | 0 | D | |
| Class A Common Stock | holding | — | — | — | 4,651 | 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 UnitsF7,F8 | — | Mar 1, 2017 | M | 1,687 | D | Mar 1, 2017 | — | Class A Common Stock | 8,433 | 6,746 | D |
| Employee Stock OptionF4,F5 | $19.375 | holding | — | — | — | — | Nov 4, 2018 | Class A Common Stock | 150 | 150 | D |
| Employee Stock OptionF6,F5 | $15.6875 | holding | — | — | — | — | Nov 9, 2019 | Class A Common Stock | 200 | 350 | D |
| Employee Stock OptionF6,F5 | $10.5625 | holding | — | — | — | — | Nov 15, 2020 | Class A Common Stock | 450 | 800 | D |
| Employee Stock OptionF6,F5 | $20.45 | holding | — | — | — | — | Nov 6, 2021 | Class A Common Stock | 600 | 1,400 | D |
| Employee Stock OptionF6,F5 | $20.63 | holding | — | — | — | — | Nov 7, 2022 | Class A Common Stock | 1,000 | 2,400 | D |
Explanation of responses
- F1Shares distributed pursuant to a Multi-Year Performance Bonus Award made under the Albany International Corp. 2011 Incentive Plan.
- F2Shares withheld to satisfy the tax liability in connection with the acquisition described above.
- F3Deemed acquisition and disposition to the issuer of shares of stock underlying Phantom Stock Units upon automatic vesting and cash settlement of such units (see footnote 7). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
- F4Options granted pursuant to the Company's 1992 Stock Option Plan as incentive to remain in employ of the Company.
- F5Fully exercisable.
- F6Options granted pursuant to the Company's 1998 Stock Option Plan as incentive to remain in employ of the Company.
- F7Phantom Stock Units granted on February 23, 2017 pursuant to the Albany International Corp. 2011 Performance Phantom Stock Unit 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.
- F81,687 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2017.