SEC Form 4 · accession 0001767423-19-000005
ALBANY INTERNATIONAL CORP /DE/ · AIN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alice McCarvill
Officer — Exec VP Human Resources
Period of report
Mar 1, 2019
Accepted (ET)
Mar 4, 2019 · 9:42 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, 2019 | M | 752 | $0.00 | A | 752 | D | |
| Class A Common StockF1 | Mar 1, 2019 | D | 752 | $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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF2,F3 | — | Mar 1, 2019 | M | 752 | D | Mar 1, 2019 | — | Class A Common Stock | 3,758 | 3,006 | 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 footnote 2). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
- F2Phantom Stock Units granted on February 21, 2019 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.
- F3752 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2019.