SEC Form 4 · accession 0001510406-19-000001
ALBANY INTERNATIONAL CORP /DE/ · AIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Olivier M Jarrault
Officer — President & CEO · Director
Period of report
Mar 1, 2019
Accepted (ET)
Mar 4, 2019 · 1:02 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 StockF1 | Mar 1, 2019 | M | 7,937 | $0.00 | A | 7,937 | D | |
| Class A Common StockF1 | Mar 1, 2019 | D | 7,937 | $69.56 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3,F4 | — | Mar 1, 2019 | M | 7,937 | D | Mar 1, 2019 | — | Class A Common Stock | 23,813 | 15,876 | D |
Explanation of responses
- F1Deemed acquisition and disposition to the issuer of shares of stock underlying Restricted Stock Units upon automatic vesting and cash settlement of such Units (see footnote 2). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
- F2Restricted Stock Units granted March 1, 2018 pursuant to the Albany International Corp. 2003 Restricted Stock Unit Plan. Each Restricted Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock as the time of vesting.
- F37,856 Restricted Stock Units (plus related dividend units) vest on March 1, 2019; 7,856 Restricted Stock Units (plus related dividend units) vest on March 1, 2020; and 7,855 Restricted Stock Units (plus related dividend units) vest on March 1, 2021.
- F4Includes dividend units accrued on Restricted Stock Units on April 6, 2018; July 9, 2018; October 5, 2018; and January 8, 2019.