Joyce Michael Joseph 4

Accession 0001390562-11-000001

CIK 0000819793other

View on SEC.gov Company Profile

Filed

Mar 2, 7:00 PM ET

Accepted

Mar 3, 8:22 AM ET

Size

31.3 KB

Accession

0001390562-11-000001

Insider Transaction Report

Form 4

Period: 2011-03-01

ALBANY INTERNATIONAL CORP /DE/AIN

Joyce Michael Joseph

Group Vice President

Transactions

Exercise/Conversion
Class A Common Stock
2011-03-01+3,589→ 14,070 total
Award
Class A Common Stock
2011-03-01+2,734→ 16,804 total
Exercise/Conversion
Class A Common Stock
2011-03-01+7,335→ 7,335 total
Tax Payment
Class A Common Stock
2011-03-01$23.71/sh−2,291$54,320→ 14,513 total
Disposition to Issuer
Class A Common Stock
2011-03-01$23.86/sh−7,335$175,013→ 0 total
Exercise/Conversion
Class A Common Stock
2011-03-01+1,116→ 1,116 total
Disposition to Issuer
Class A Common Stock
2011-03-01$24.14/sh−1,116$26,940→ 0 total
Exercise/Conversion
Class A Common Stock
2011-03-01+2,473→ 2,473 total
Disposition to Issuer
Class A Common Stock
2011-03-01$24.14/sh−2,473$59,698→ 0 total
Exercise/Conversion
Restricted Stock Units
2011-03-01−7,335→ 22,006 total
From: 2011-03-01→ Class A Common Stock (29,341 underlying)
Exercise/Conversion
Restricted Stock Units
2011-03-01−2,322→ 0 total
→ Class A Common Stock (2,322 underlying)
Exercise/Conversion
Restricted Stock Units
2011-03-01−4,946→ 2,475 total
→ Class A Common Stock (7,421 underlying)

Holdings

Class A Common Stock
(indirect: By 401(k))
3,657
Restricted Stock Units
From: 2007-11-11→ Class A Common Stock (275 underlying)
275

Footnotes (12)

[F1]Shares distributed upon partial settlement of Restricted Stock Units previously granted pursuant to the Albany International Corp. 2005 Incentive Plan (see footnotes 9 and 11).
[F10]Reflects settlement (half in cash, half in shares of the Company's Class A Common Stock) on March 1, 2011.
[F11]Restricted Stock Units granted on February 25, 2010 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 settlement schedule.
[F12]Reflects settlement (half in cash, half in shares of the Company's Class A Common Stock) of two-thirds of the reported units on March 1, 2011. The remaining reported units will be settled and payable on our about March 1, 2012, half in cash, half in shares of the Company's Class A Common Stock.
[F2]Shares distributed pursuant to an Annual Performance Bonus Award made under the Albany International Corp. 2005 Incentive Plan (the "Incentive Plan").
[F3]Shares withheld to satisfy the tax liability in connection with the acquisitions described in footnotes 1 and 2 above.
[F4]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 footnotes 5, 9 and 11). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
[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]250 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2007.
[F7]Includes dividend units accrued on Restricted Stock Units on January 10, 2011.
[F8]6,750 Restricted Stock Units (plus related dividend units) vest on March 1, 2011; 6,750 Restricted Stock Units (plus related dividend units) vest on September 1, 2011; 6,750 Restricted Stock Units (plus related dividend units) vest on March 1, 2012; and 6,750 Restricted Stock Units (plus related dividend units) vest on September 1, 2012.
[F9]Restricted Stock Units granted on February 27, 2009 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 settlement schedule.

Documents

2 files

Issuer

ALBANY INTERNATIONAL CORP /DE/

CIK 0000819793

→

Entity typeother

Related Parties

filerCIK 0001390562

Filing Metadata

Form type: 4
Filed: Mar 2, 7:00 PM ET
Accepted: Mar 3, 8:22 AM ET
Size: 31.3 KB

View on SEC.gov