Sec Form 4 Filing - SILVA CHARLES J JR @ ALBANY INTERNATIONAL CORP /DE/ - 2014-05-13

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
SILVA CHARLES J JR
2. Issuer Name and Ticker or Trading Symbol
ALBANY INTERNATIONAL CORP /DE/ [ AIN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP-General Counsel & Secretary
(Last) (First) (Middle)
C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
05/13/2014
(Street)
ROCHESTER, NH03867
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 7,074 I by 401(k)
Class A Common Stock 05/13/2014 M 2,000 A $ 19.375 2,000 D
Class A Common Stock 05/13/2014 S 2,000 D $ 36.7409 0 D
Class A Common Stock 05/13/2014 M 3,000 A $ 15.6875 3,000 D
Class A Common Stock 05/13/2014 S 3,000 D $ 36.7406 0 D
Class A Common Stock 05/13/2014 M 2,100 A $ 10.5625 2,100 D
Class A Common Stock 05/13/2014 S 2,100 D $ 36.7419 0 D
Class A Common Stock 05/13/2014 M 3,000 A $ 20.45 3,000 D
Class A Common Stock 05/13/2014 S 3,000 D $ 36.7373 0 D
Class A Common Stock 05/13/2014 M 3,000 A $ 20.63 3,000 D
Class A Common Stock 05/13/2014 S 3,000 D $ 36.7342 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option ( 1 ) $ 19.375 05/13/2014 M 2,000 ( 2 ) 11/04/2018 Class A Common 2,000 $ 0 ( 1 ) 0 D
Employee Stock Option ( 3 ) $ 15.6875 05/13/2014 M 3,000 ( 2 ) 11/09/2019 Class A Common 3,000 $ 0 ( 3 ) 0 D
Employee Stock Option ( 3 ) $ 10.5625 05/13/2014 M 2,100 ( 2 ) 11/15/2020 Class A Common 2,100 $ 0 ( 3 ) 0 D
Employee Stock Option ( 3 ) $ 20.45 05/13/2014 M 3,000 ( 2 ) 11/06/2021 Class A Common 3,000 $ 0 ( 3 ) 0 D
Employee Stock Option ( 3 ) $ 20.63 05/13/2014 M 3,000 ( 2 ) 11/07/2022 Class A Common 3,000 $ 0 ( 3 ) 0 D
Restricted Stock Units ( 4 ) ( 4 ) 11/11/2010( 4 )( 5 ) ( 4 )( 5 ) Class A Common Stock 662 ( 6 ) 662 ( 6 ) D
Restricted Stock Units ( 4 ) ( 4 ) 11/11/2011( 4 )( 7 ) ( 4 )( 7 ) Class A Common Stock 1,293 ( 6 ) 1,293 ( 6 ) D
Phantom Stock Units ( 8 ) ( 8 ) 03/01/2013( 8 )( 9 ) ( 8 )( 9 ) Class A Common Stock 2,576 2,576 D
Phantom Stock Units ( 10 ) ( 10 ) 03/01/2014( 10 )( 11 ) ( 10 )( 11 ) Class A Common Stock 2,648 2,648 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SILVA CHARLES J JR
C/O ALBANY INTERNATIONAL CORP.
216 AIRPORT DRIVE
ROCHESTER, NH03867
VP-General Counsel & Secretary
Signatures
Kathleen M. Tyrrell, Attorney-in-Fact 05/14/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Option granted pursuant to Company's 1992 Stock Option Plan as incentive to remain in employ of Company.
( 2 )Fully exercisable.
( 3 )Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.
( 4 )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.
( 5 )600 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2010.
( 6 )Includes dividend units accrued on Restricted Stock Units on April 7, 2014.
( 7 )600 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2011.
( 8 )Phantom Stock Units granted on February 14, 2013 pursuant to the Albany International Corp. 2011 Performance Phantom Stock Plan (the "Phantom Stock Plan"). Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
( 9 )859 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2013.
( 10 )Phantom Stock Units granted on February 28, 2014 pursuant to the the Phantom Stock Plan. Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
( 11 )516 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2014.

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