ALBANY INTERNATIONAL CORP /DE/ 4

Accession 0001199678-06-000004

$AINCIK 0000819793operating

View on SEC.gov Company Profile

Filed

Nov 12, 7:00 PM ET

Accepted

Nov 13, 9:44 AM ET

Size

22.7 KB

Accession

0001199678-06-000004

Insider Transaction Report

Form 4

Period: 2006-11-11

ALBANY INTERNATIONAL CORP /DE/AIN

POLT DIETER

Group Vice President

Transactions

Exercise/Conversion
Class A Common Stock
2006-11-11+755→ 755 total
Disposition to Issuer
Class A Common Stock
2006-11-11$33.22/sh−755$25,081→ 0 total
Exercise/Conversion
Restricted Stock Units
2006-11-13−761→ 1,525 total
From: 2004-11-13→ Class A Common Stock (2,286 underlying)
Exercise/Conversion
Restricted Stock Units
2006-11-11−755→ 2,265 total
From: 2005-11-11→ Class A Common Stock (3,020 underlying)
Exercise/Conversion
Class A Common Stock
2006-11-13+761→ 761 total
Disposition to Issuer
Class A Common Stock
2006-11-13$33.22/sh−761$25,280→ 0 total

Holdings

Employee Stock Option
Exercise: $20.45Exp: 2021-11-06→ Class A Common (5,000 underlying)
5,000
Employee Stock Option
Exercise: $20.63From: 2003-11-07Exp: 2022-11-07→ Class A Common (5,000 underlying)
10,000
Restricted Stock Units
→ Class A Common Stock (7,870 underlying)
7,870

Footnotes (10)

[F1]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 5). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
[F10](a) 25% of the reported units (plus related dividend units) will be settled and payable on or about March 1, 2006, (b) 50% of the reported units (plus related dividend units) will be settled and payable on or about March 1, 2007, and (c) the final 25% of the reported units (plus related dividend units) will be settled and payable on or about March 1, 2008. The 2006 payment will be all in cash, while each of the 2007 and 2008 payments will be half in cash, half in shares of the Company's Class A Common Stock.
[F2]Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.
[F3]Fully exercisable.
[F4]Become exercisable as to 1,000 shares on each November 7, beginning November 7, 2003.
[F5]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.
[F6]Includes dividend units accrued on Restricted Stock Units on April 7, 2006, July 10, 2006 and October 6, 2006.
[F7]740 Restricted Stock Units (plus related dividend units) vest on each November 13, beginning November 13, 2004.
[F8]740 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2005.
[F9]Restricted Stock Units granted pursuant to the Albany International Corp. 2005 Incentive Plan (the "Incentive Plan"). Each Restricted Stock Unit award entitles the holder to receive a number of shares of Class A Common Stock, the cash equivalent of such shares, or a combination of cash and shares, in each case in accordance with a vesting schedule.

Documents

2 files

Issuer

ALBANY INTERNATIONAL CORP /DE/

CIK 0000819793

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0000819793

Filing Metadata

Form type: 4
Filed: Nov 12, 7:00 PM ET
Accepted: Nov 13, 9:44 AM ET
Size: 22.7 KB

View on SEC.gov