ALBANY INTERNATIONAL CORP /DE/ 4

4 · ALBANY INTERNATIONAL CORP /DE/ · Filed Jul 3, 2006

Form 4Exit

Period: 2006-07-01

Secretary

Transactions

Exercise/Conversion
Class A Common Stock
[F1][F2]
2006-07-01+614→ 614 total
Disposition to Issuer
Class A Common Stock
[F1][F2]
2006-07-01$40.46/sh−614$24,842→ 0 total
Exercise/Conversion
Restricted Stock Units
[F7][F2][F8][F9]
2006-07-01−614→ 0 total
→ Class A Common Stock (614 underlying)

Holdings

Class A Common Stock
2,239
Employee Stock Option
[F3][F4]
Exercise: $15.69Exp: 2016-07-01→ Class A Common (1,000 underlying)
1,000
Employee Stock Option
[F3][F4]
Exercise: $10.56Exp: 2016-07-01→ Class A Common (2,000 underlying)
3,000
Employee Stock Option
[F3][F4][F5]
Exercise: $20.45Exp: 2016-07-01→ Class A Common (2,500 underlying)
5,500
Employee Stock Option
[F3][F4][F6]
Exercise: $20.63Exp: 2016-07-01→ Class A Common (3,000 underlying)
8,500

Footnotes (9)

[F1]Deemed acquisition and disposition to the issuer of shares of stock underlying Restriced Stock Units. No shares were actually issued or disposed.
[F2]Includes dividend units accrued on Restricted Stock Units on January 9, 2006 and April 7, 2006.
[F3]Options granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.
[F4]Fully exercisable.
[F5]Reflects termination of 500 options pursuant to the Company's 1998 Stock Option Plan upon the July 1, 2006 retirement of reporting person.
[F6]Reflects termination of 1,000 options pursuant to the Company's 1998 Stock Option Plan upon the July 1, 2006 retirement of reporting person.
[F7]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.
[F8]Pursuant to the Restricted Stock Unit Plan, 614 RSUs vested upon the July 1, 2006 retirement of reporting person.
[F9]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.

Signature

Kathleen M. Tyrrell, Attorney-in-Fact|2006-07-03

Documents

2 files