SEC Form 4 · accession 0001428959-18-000002
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
Mar 1, 2018
Accepted (ET)
Mar 1, 2018 · 8:50 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, 2018 | M | 366 | $0.00 | A | 366 | D | |
| Class A Common StockF1 | Mar 1, 2018 | D | 366 | $62.88 | D | 0 | D | |
| Class A Common StockF1 | Mar 1, 2018 | M | 289 | $0.00 | A | 289 | D | |
| Class A Common StockF1 | Mar 1, 2018 | D | 289 | $62.88 | D | 0 | D | |
| Class A Common StockF1 | Mar 1, 2018 | M | 352 | $0.00 | A | 352 | D | |
| Class A Common StockF1 | Mar 1, 2018 | D | 352 | $62.88 | D | 0 | D | |
| Class A Common StockF1 | Mar 1, 2018 | M | 422 | $0.00 | A | 422 | D | |
| Class A Common StockF1 | Mar 1, 2018 | D | 422 | $62.88 | D | 0 | D | |
| Class A Common StockF1 | Mar 1, 2018 | M | 396 | $0.00 | A | 396 | D | |
| Class A Common StockF1 | Mar 1, 2018 | D | 396 | $62.88 | D | 0 | D | |
| 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 UnitsF4,F5 | — | Mar 1, 2018 | M | 366 | D | Mar 1, 2014 | — | Class A Common Stock | 366 | 0 | D |
| Phantom Stock UnitsF6,F7 | — | Mar 1, 2018 | M | 289 | D | Mar 1, 2015 | — | Class A Common Stock | 580 | 291 | D |
| Phantom Stock UnitsF8,F9 | — | Mar 1, 2018 | M | 352 | D | Mar 1, 2016 | — | Class A Common Stock | 1,058 | 706 | D |
| Phantom Stock UnitsF10,F11 | — | Mar 1, 2018 | M | 422 | D | Mar 1, 2017 | — | Class A Common Stock | 1,686 | 1,264 | D |
| Phantom Stock UnitsF12,F13 | — | Mar 1, 2018 | M | 396 | D | Mar 1, 2018 | — | Class A Common Stock | 1,980 | 1,584 | D |
| Employee Stock OptionF2,F3 | $20.45 | holding | — | — | — | — | Nov 6, 2021 | Class A Common | 1,000 | 1,000 | D |
| Employee Stock OptionF2,F3 | $20.63 | holding | — | — | — | — | Nov 7, 2022 | Class A Common | 1,000 | 1,000 | 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 4, 6, 8, 10 and 12). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
- F10Phantom 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.
- F11422 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2017.
- F12Phantom 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.
- F13396 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2018.
- F2Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.
- F3Fully exercisable.
- F4Phantom 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.
- F5366 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2014.
- F6Phantom 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.
- F7289 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2015.
- F8Phantom 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.
- F9352 Phantom Stock units will be settled and payable each year on or about March 1, beginning March 1, 2016.