SEC Form 4 · accession 0001457478-15-000001
ALBANY INTERNATIONAL CORP /DE/ · AIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John B Cozzolino
Officer — CFO & Treasurer
Period of report
Mar 1, 2015
Accepted (ET)
Mar 3, 2015 · 11:06 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, 2015 | A | 4,768 | $0.00 | A | 16,176 | D | |
| Class A Common StockF2 | Mar 1, 2015 | A | 5,177 | $0.00 | A | 21,353 | D | |
| Class A Common StockF3 | Mar 1, 2015 | F | 4,488 | $37.71 | D | 16,865 | D | |
| Class A Common Stock | holding | — | — | — | 2,744 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF4,F5 | $20.63 | holding | — | — | — | — | Nov 7, 2022 | Class A Common | 300 | 300 | D |
| Restricted Stock UnitsF6,F8,F7 | — | holding | — | — | — | Nov 11, 2011 | — | Class A Common Stock | 655 | 655 | D |
Explanation of responses
- F1Shares distributed pursuant to an Annual Performance Bonus Award made under the Albany International Corp. 2011 Incentive Plan (the "Incentive Plan").
- F2Shares distributed pursuant to a Multi-Year Performance Bonus Award made under the Albany International Corp. 2011 Incentive Plan.
- F3Shares withheld to satisfy the tax liability in connection with the acquisitions described in footnotes 1 and 2 above.
- F4Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.
- F5Fully exercisable.
- F6Restricted 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.
- F7600 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2011.
- F8Includes dividend units accrued on Restricted Stock Units on January 8, 2015.