ALBANY INTERNATIONAL CORP /DE/ 4

4 · ALBANY INTERNATIONAL CORP /DE/ · Filed May 23, 2005

Form 4

Period: 2005-05-20

DirectorChairman and CEO

Transactions

Sale
Class A Common Stock
2005-05-23$31.48/sh−32,500$1,023,259→ 34,718 total
Exercise/Conversion
Employee Stock Option
2005-05-20−40,000→ 0 total
Exercise: $16.75From: 1991-05-01Exp: 2010-05-01→ Class A Common (40,000 underlying)
Exercise/Conversion
Class A Common Stock
2005-05-23$15.69/sh+32,500$509,844→ 67,218 total
Exercise/Conversion
Employee Stock Option
2005-05-20−20,000→ 132,500 total
Exercise: $10.56From: 2001-11-15Exp: 2020-11-15→ Class A Common (25,000 underlying)
Exercise/Conversion
Class A Common Stock
2005-05-20$16.75/sh+40,000$670,000→ 74,718 total
Sale
Class A Common Stock
2005-05-20$31.40/sh−60,000$1,884,036→ 34,718 total
Exercise/Conversion
Class A Common Stock
2005-05-20$10.56/sh+20,000$211,250→ 94,718 total
Exercise/Conversion
Employee Stock Option
2005-05-23−32,500→ 127,500 total
Exercise: $15.69From: 2000-11-09Exp: 2019-11-09→ Class A Common (32,500 underlying)

Holdings

Employee Stock Option
Exercise: $22.25From: 1996-05-18Exp: 2015-05-18→ Class A Common (25,000 underlying)
45,000
Restricted Stock Units
→ Class A Common Stock (20,288 underlying)
20,288
Class A Common Stock
(indirect: Custodial)
100
Employee Stock Option
Exercise: $18.75From: 1995-05-11Exp: 2014-05-11→ Class A Common (20,000 underlying)
20,000
Restricted Stock Units
→ Class A Common Stock (25,126 underlying)
25,126
Employee Stock Option
Exercise: $20.45From: 2002-11-06Exp: 2021-11-06→ Class A Common (40,000 underlying)
172,500
Employee Stock Option
Exercise: $20.63From: 2003-11-07Exp: 2022-11-07→ Class A Common (40,000 underlying)
212,500
Employee Stock Option
Exercise: $19.38From: 1999-11-04Exp: 2018-11-04→ Class A Common (32,500 underlying)
127,500
Employee Stock Option
Exercise: $22.25From: 1997-05-14Exp: 2016-05-14→ Class A Common (25,000 underlying)
70,000
Class A Common Stock
34,718
Employee Stock Option
Exercise: $19.75From: 1998-04-15Exp: 2017-04-15→ Class A Common (25,000 underlying)
95,000

Footnotes (11)

[F1]Shares held by reporting person as custodian for his granddaughter. Undersigned disclaims beneficial ownership.
[F10]5,000 Restricted Stock Units (plus related dividend units) vest on each November 13, beginning November 13, 2004.
[F11]5,000 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2005.
[F2]Option granted pursuant to Company's 1988 Stock Option Plan as incentive to remain in employ of Company.
[F3]Fully exercisable.
[F4]Option granted pursuant to Company's 1992 Stock Option Plan as incentive to remain in employ of Company.
[F5]Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.
[F6]Become exercisable as to 5,000 shares on each November 15, beginning November 15, 2001.
[F7]Become exercisable as to 8,000 shares on each November 6, beginning November 6, 2002.
[F8]Become exercisable as to 8,000 shares on each November 7, beginning November 7, 2003.
[F9]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.

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