Sec Form 4 Filing - SCHMELER FRANK R @ ALBANY INTERNATIONAL CORP /DE/ - 2008-03-01

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 SCHMELER FRANK R 2. Issuer Name and Ticker or Trading Symbol ALBANY INTERNATIONAL CORP /DE/ [ AIN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O ALBANY INTERNATIONAL CORP., P.O. BOX 1907 3. Date of Earliest Transaction (MM/DD/YY) 03/01/2008 (Street) ALBANY, NY12201-1907 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 100 I Custodial ( 1 ) Class A Common Stock 03/01/2008 M 3,635 ( 2 ) A $ 0 44,823 D Class A Common Stock ( 3 ) 03/01/2008 M 3,635 A 3,635 ( 3 ) D ( 3 ) Class A Common Stock ( 3 ) 03/01/2008 D 3,635 D $ 35.15 0 D ( 3 )

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 ( 4 ) $ 18.75 ( 5 ) 05/11/2014 Class A Common 20,000 20,000 D Employee Stock Option ( 4 ) $ 22.25 ( 5 ) 05/18/2015 Class A Common 25,000 45,000 D Employee Stock Option ( 4 ) $ 22.25 ( 5 ) 02/01/2016 Class A Common 25,000 70,000 D Employee Stock Option ( 6 ) $ 19.75 ( 5 ) 02/01/2016 Class A Common 25,000 95,000 D Employee Stock Option ( 4 ) $ 19.375 ( 5 ) 02/01/2016 Class A Common 32,500 127,500 D Employee Stock Option ( 7 ) $ 10.5625 ( 5 ) 02/01/2016 Class A Common 5,000 132,500 D Employee Stock Option ( 7 ) $ 20.45 ( 5 ) 02/01/2016 Class A Common 36,000 168,500 D Employee Stock Option ( 7 ) $ 20.63 ( 5 ) 02/01/2016 Class A Common 32,000 200,500 D Restricted Stock Units ( 8 ) ( 8 ) 03/01/2008 M 7,270 ( 9 ) ( 8 )( 10 ) ( 8 )( 10 ) Class A Common Stock 7,270 ( 9 ) ( 8 ) 0 ( 10 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other SCHMELER FRANK R C/O ALBANY INTERNATIONAL CORP. P.O. BOX 1907 ALBANY, NY12201-1907 X Signatures Kathleen M. Tyrrell, Attorney-in-Fact 03/03/2008 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Shares held by reporting person as custodian for his granddaughter. Undersigned disclaims benefic ial 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 of stock underlying Restricted Stock Units upon automatic vesting and cash settlement 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 January 8, 2008. ( 10 )Reflects settlement (half in cash, half in shares of the Company's Class A Common Stock) on March 1, 2008 of a grant of Restricted Stock Units.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).

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