BACON MICHEAL J 4

4 · ALBANY INTERNATIONAL CORP /DE/ · Filed Nov 14, 2003

Form 4

Period: 2003-11-13

Group Vice President - Europe

Transactions

Award
Restricted Stock Units
2003-11-13+7,500→ 7,500 total
→ Class A Common Stock (7,500 underlying)

Holdings

Employee Stock Option
Exercise: $19.38From: 1999-11-04Exp: 2018-11-04→ Class A Common (15,000 underlying)
15,000
Employee Stock Option
Exercise: $15.69From: 2000-11-09Exp: 2019-11-09→ Class A Common (15,000 underlying)
30,000
Employee Stock Option
Exercise: $10.56From: 2001-11-15Exp: 2020-11-15→ Class A Common (10,000 underlying)
40,000
Employee Stock Option
Exercise: $20.45From: 2002-11-06Exp: 2021-11-06→ Class A Common (20,000 underlying)
60,000
Employee Stock Option
Exercise: $20.63From: 2003-11-07Exp: 2022-11-07→ Class A Common (20,000 underlying)
80,000
Class A Common Stock
202
Class A Common Stock
(indirect: by ESOP)
919

Footnotes (9)

[F1]Option granted pursuant to Company's 1992 Stock Option Plan as incentive to remain in employ of Company.
[F2]Fully exercisable.
[F3]Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.
[F4]Become exercisable as to 3,000 shares on each November 9, beginning November 9, 2000.
[F5]Become exercisable as to 2,000 shares on each November 15, beginning November 15, 2001.
[F6]Become exercisable as to 4,000 shares on each November 6, beginning November 6, 2002.
[F7]Become exercisable as to 4,000 shares on each November 7, beginning November 7, 2003.
[F8]Restricted Stock Units granted pursuant to the Albany International Corp. 2003 Restricted Stock Unit Plan (the "Restricted Stock Unit Plan").
[F9]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. 1500 Restricted Stock Units vest on each November 13, beginning November 13, 2004.

Documents

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