SEC Form 4 · accession 0001428959-15-000001
ALBANY INTERNATIONAL CORP /DE/ · AIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David M Pawlick
Officer — Vice President- Controller
Period of report
Feb 27, 2015
Accepted (ET)
Mar 2, 2015 · 8:24 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 Stock | holding | — | — | — | 966 | I | By 401(k) | |
| Class A Common Stock | holding | — | — | — | 2,314 | 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 UnitsF10,F11 | — | Feb 27, 2015 | A | 1,551 | A | Mar 1, 2015 | — | Class A Common Stock | 1,551 | 1,551 | D |
| Employee Stock OptionF1,F2 | $20.45 | holding | — | — | — | — | Nov 6, 2021 | Class A Common | 1,000 | 1,000 | D |
| Employee Stock OptionF1,F2 | $20.63 | holding | — | — | — | — | Nov 7, 2022 | Class A Common | 1,000 | 1,000 | D |
| Restricted Stock UnitsF3,F5,F4 | — | holding | — | — | — | Nov 11, 2011 | — | Class A Common Stock | 371 | 371 | D |
| Phantom Stock UnitsF6,F7 | — | holding | — | — | — | Mar 1, 2013 | — | Class A Common Stock | 1,423 | 1,423 | D |
| Phantom Stock UnitsF8,F9 | — | holding | — | — | — | Mar 1, 2014 | — | Class A Common Stock | 1,464 | 1,464 | D |
Explanation of responses
- F1Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.
- F10Phantom 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.
- F11310 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2015.
- F2Fully exercisable.
- F3Restricted 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.
- F4340 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2011.
- F5Includes dividend units accrued on Restricted Stock Units on January 8, 2015.
- F6Phantom 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.
- F7475 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2013.
- F8Phantom 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.
- F9366 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2014.