SEC Form 4 · accession 0001428959-18-000001
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 22, 2018
Accepted (ET)
Feb 23, 2018 · 10:13 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 | — | — | — | 1,010 | 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 UnitsF11,F12 | — | Feb 22, 2018 | A | 1,980 | A | Mar 1, 2018 | — | Class A Common Stock | 1,980 | 1,980 | 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 |
| Phantom Stock UnitsF3,F4 | — | holding | — | — | — | Mar 1, 2014 | — | Class A Common Stock | 366 | 366 | D |
| Phantom Stock UnitsF5,F6 | — | holding | — | — | — | Mar 1, 2015 | — | Class A Common Stock | 580 | 580 | D |
| Phantom Stock UnitsF7,F8 | — | holding | — | — | — | Mar 1, 2016 | — | Class A Common Stock | 1,058 | 1,058 | D |
| Phantom Stock UnitsF9,F10 | — | holding | — | — | — | Mar 1, 2017 | — | Class A Common Stock | 1,686 | 1,686 | D |
Explanation of responses
- F1Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.
- F10422 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2017.
- F11Phantom 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.
- F12396 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2018.
- F2Fully exercisable.
- F3Phantom Stock Units granted on February 28, 2014 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.
- F4366 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2014.
- F5Phantom Stock Units granted on February 27, 2015 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.
- F6289 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2015.
- F7Phantom Stock Units granted on February 25, 2016 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.
- F8352 Phantom Stock units will be settled and payable each year on or about March 1, beginning March 1, 2016.
- F9Phantom Stock Units granted on February 23, 2017 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.