SEC Form 4 · accession 0001363150-18-000001
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
Feb 22, 2018
Accepted (ET)
Feb 26, 2018 · 12:43 pm 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 Stock | holding | — | — | — | 4,708 | I | By 401(k) | |
| Class A Common Stock | holding | — | — | — | 10,328 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF6,F7 | — | Feb 22, 2018 | A | 4,416 | A | Mar 1, 2018 | — | Class A Common Stock | 4,416 | 4,416 | D |
| Employee Stock OptionF1,F2 | $19.375 | holding | — | — | — | — | Nov 4, 2018 | Class A Common Stock | 150 | 150 | D |
| Employee Stock OptionF3,F2 | $15.6875 | holding | — | — | — | — | Nov 9, 2019 | Class A Common Stock | 200 | 350 | D |
| Employee Stock OptionF3,F2 | $10.5625 | holding | — | — | — | — | Nov 15, 2020 | Class A Common Stock | 450 | 800 | D |
| Employee Stock OptionF3,F2 | $20.45 | holding | — | — | — | — | Nov 6, 2021 | Class A Common Stock | 600 | 1,400 | D |
| Employee Stock OptionF3,F2 | $20.63 | holding | — | — | — | — | Nov 7, 2022 | Class A Common Stock | 1,000 | 2,400 | D |
| Phantom Stock UnitsF4,F5 | — | holding | — | — | — | Mar 1, 2017 | — | Class A Common Stock | 6,746 | 6,746 | D |
Explanation of responses
- F1Options granted pursuant to the Company's 1992 Stock Option Plan as incentive to remain in employ of the Company.
- F2Fully exercisable.
- F3Options granted pursuant to the Company's 1998 Stock Option Plan as incentive to remain in employ of the Company.
- F4Phantom 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.
- F51,687 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2017.
- F6Phantom Stock Units granted on February 22, 2018 pursuant to 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.
- F7883 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2018.