SEC Form 4 · accession 0001428959-15-000003

· AIN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

David M Pawlick

Officer — Vice President- Controller

Period of report

Mar 1, 2015

Accepted (ET)

Mar 2, 2015 · 2:34 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^F1	Mar 1, 2015	M	475	$0.00	A	475	D
Class A Common Stock^F1	Mar 1, 2015	D	475	$35.93	D	0	D
Class A Common Stock^F1	Mar 1, 2015	M	366	$0.00	A	366	D
Class A Common Stock^F1	Mar 1, 2015	D	366	$35.93	D	0	D
Class A Common Stock^F1	Mar 1, 2015	M	289	$0.00	A	289	D
Class A Common Stock^F1	Mar 1, 2015	D	289	$35.93	D	0	D
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 Units^F6,F7	—	Mar 1, 2015	M	475	D	Mar 1, 2013	—	Class A Common Stock	1,423	948	D
Phantom Stock Units^F8,F9	—	Mar 1, 2015	M	366	D	Mar 1, 2014	—	Class A Common Stock	1,464	1,098	D
Phantom Stock Units^F10,F11	—	Mar 1, 2015	M	289	D	Mar 1, 2015	—	Class A Common Stock	1,447	1,158	D
Employee Stock Option^F2,F3	$20.45	holding	—	—	—	—	Nov 6, 2021	Class A Common	1,000	1,000	D
Employee Stock Option^F2,F3	$20.63	holding	—	—	—	—	Nov 7, 2022	Class A Common	1,000	1,000	D
Restricted Stock Units^F4,F5	—	holding	—	—	—	Nov 11, 2011	—	Class A Common Stock	371	371	D

Explanation of responses

F1Deemed acquisition and disposition to the issuer of shares of stock underlying Phantom Stock Units upon automatic vesting and cash settlement of such units (see footnotes 6, 8 and 10). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
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.
F11289 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.
F5340 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2011.
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.