ALBANY INTERNATIONAL CORP /DE/ 4
4 · ALBANY INTERNATIONAL CORP /DE/ · Filed Nov 12, 2015
Insider Transaction Report
Form 4
Cozzolino John B
VP- Corporate Treasurer
Transactions
- Disposition to Issuer
Class A Common Stock
2015-11-11$32.27/sh−664$21,427→ 0 total - Exercise/Conversion
Restricted Stock Units
2015-11-11−664→ 0 totalFrom: 2011-11-11→ Class A Common Stock (664 underlying) - Exercise/Conversion
Class A Common Stock
2015-11-11+664→ 664 total
Holdings
- 300
Employee Stock Option
Exercise: $20.63Exp: 2022-11-07→ Class A Common (300 underlying) - 2,778(indirect: By 401(k))
Class A Common Stock
- 16,865
Class A Common Stock
Footnotes (6)
- [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 4. No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
- [F2]Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.
- [F3]Fully exercisable.
- [F4]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.
- [F5]600 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2011.
- [F6]Includes dividend units accrued on Restricted Stock Units on April 7, July 8 and October 7, 2015.