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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (3) | $ 15.6875 | (4) | 07/01/2016 | Class A Common | 1,000 | 1,000 | D | ||||||||
Employee Stock Option (3) | $ 10.5625 | (4) | 07/01/2016 | Class A Common | 2,000 | 3,000 | D | ||||||||
Employee Stock Option (3) | $ 20.45 | (4) | 07/01/2016 | Class A Common | 2,500 (5) | 5,500 | D | ||||||||
Employee Stock Option (3) | $ 20.63 | (4) | 07/01/2016 | Class A Common | 3,000 (6) | 8,500 | D | ||||||||
Restricted Stock Units (7) | (7) | 07/01/2006 | M | 614 (2) | (7)(8) | (7) | Class A Common Stock | 614 (2) | (7) | 0 (9) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HAGOORT THOMAS H C/O ALBANY INTERNATIONAL CORP. P.O. BOX 1907 ALBANY, NY 12201-1907 |
Secretary |
Kathleen M. Tyrrell, Attorney-in-Fact | 07/03/2006 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Deemed acquisition and disposition to the issuer of shares of stock underlying Restriced Stock Units. No shares were actually issued or disposed. |
(2) | Includes dividend units accrued on Restricted Stock Units on January 9, 2006 and April 7, 2006. |
(3) | Options granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company. |
(4) | Fully exercisable. |
(5) | Reflects termination of 500 options pursuant to the Company's 1998 Stock Option Plan upon the July 1, 2006 retirement of reporting person. |
(6) | Reflects termination of 1,000 options pursuant to the Company's 1998 Stock Option Plan upon the July 1, 2006 retirement of reporting person. |
(7) | Restricted 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. |
(8) | Pursuant to the Restricted Stock Unit Plan, 614 RSUs vested upon the July 1, 2006 retirement of reporting person. |
(9) | In addition to the vesting of 614 RSUs, reflects the forfeiture of 614 RSUs pursuant to the Restricted Stock Unit Plan upon the July 1, 2006 retirement of reporting person. |