MORONE JOSEPH G 4
4 · ALBANY INTERNATIONAL CORP /DE/ · Filed Sep 4, 2012
Insider Transaction Report
Form 4
MORONE JOSEPH G
DirectorPresident & CEO
Transactions
- Disposition to Issuer
Class A Common Stock
2012-09-01$18.30/sh−28,139$514,944→ 0 total - Exercise/Conversion
Restricted Stock Units
2012-09-01−28,139→ 0 totalFrom: 2011-03-01→ Class A Common Stock (28,139 underlying) - Exercise/Conversion
Class A Common Stock
2012-09-01+28,139→ 28,139 total
Holdings
- 4,168(indirect: By 401(k))
Class A Common Stock
- 118,385
Class A Common Stock
Footnotes (5)
- [F1]Owned jointly with spouse.
- [F2]Deemed 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 3). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
- [F3]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.
- [F4]25,000 Restricted Stock Units (plus related dividend units) vest on March 1, 2011; 25,000 Restricted Stock Units (plus related dividend units) vest on September 1, 2011; 25,000 Restricted Stock Units (plus related dividend units) vest on March 1, 2012; and 25,000 Restricted Stock Units (plus related dividend units) vest on September 1, 2012.
- [F5]Includes dividend units accrued on Restricted Stock Units on April 6 and July 9, 2012.