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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (4) | $ 18.75 | 05/11/1995(5) | 05/11/2014 | Class A Common | 20,000 | 20,000 | D | ||||||||
Employee Stock Option (4) | $ 22.25 | 05/18/1996(5) | 05/18/2015 | Class A Common | 25,000 | 45,000 | D | ||||||||
Employee Stock Option (4) | $ 22.25 | 05/14/1997(5) | 02/01/2016 | Class A Common | 25,000 | 70,000 | D | ||||||||
Employee Stock Option (6) | $ 19.75 | 04/15/1998(5) | 02/01/2016 | Class A Common | 25,000 | 95,000 | D | ||||||||
Employee Stock Option (4) | $ 19.375 | 11/04/1999(5) | 02/01/2016 | Class A Common | 32,500 | 127,500 | D | ||||||||
Employee Stock Option (7) | $ 10.5625 | 11/15/2001(5) | 02/01/2016 | Class A Common | 5,000 | 132,500 | D | ||||||||
Employee Stock Option (7) | $ 20.45 | 11/06/2002(5) | 02/01/2016 | Class A Common | 36,000 | 168,500 | D | ||||||||
Employee Stock Option (7) | $ 20.63 | 11/07/2003(5) | 02/01/2016 | Class A Common | 32,000 | 200,500 | D | ||||||||
Restricted Stock Units (8) | (8) | 03/01/2007 | M | 14,380 (9) | (8)(10) | (8)(10) | Class A Common Stock | 21,570 (8) (9) | (8) | 7,190 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SCHMELER FRANK R C/O ALBANY INTERNATIONAL CORP. P.O. BOX 1907 ALBANY, NY 12201-1907 |
X |
Kathleen M. Tyrrell, Attorney-in-Fact | 03/02/2007 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Shares held by reporting person as custodian for his granddaughter. Undersigned disclaims beneficial ownership. |
(2) | Shares distributed upon partial settlement of Restricted Stock Units previously granted pursuant to the Albany International Corp. 2005 Incentive Plan (see footnotes 8 and 10). |
(3) | Deemed acquisition and disposition to the issuer of shares underlying previously granted Restricted Stock Units upon settlement in cash of such Units (see footnote 8). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares. |
(4) | Option granted pursuant to Company's 1992 Stock Option Plan as incentive to remain in employ of Company. |
(5) | Fully exercisable. |
(6) | Option granted pursuant to the Company's 1988 Stock Option Plan as incentive to remain in employ of Company. |
(7) | Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company. |
(8) | Restricted Stock Units ("RSUs") granted in February 2006 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. |
(9) | Includes dividend units accrued on Restricted Stock Units on July 10, 2006, October 6, 2006 and January 8, 2007. |
(10) | Reflects partial settlement (half in cash, half in shares of the Company's Class A Common Stock) on March 1, 2007 of a grant of Restricted Stock Units. The remaining reported units (plus related dividend units) will be settled and payable on or about March 1, 2008, half in cash, half in shares of the Company's Class A Common Stock. |