Sec Form 4 Filing - KOLF FRANK @ ALBANY INTERNATIONAL CORP /DE/ - 2007-06-30

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
KOLF FRANK
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)
Senior Vice President
(Last) (First) (Middle)
C/O ALBANY INTERNATIONAL CORP., P.O. BOX 1907
3. Date of Earliest Transaction (MM/DD/YY)
06/30/2007
(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 724 I by ESOP
Class A Common Stock ( 1 ) 06/30/2007 M 415 A 415 ( 1 ) D ( 1 )
Class A Common Stock ( 1 ) 06/30/2007 D 415 D $ 40.03 0 D ( 1 )
Class A Common Stock ( 1 ) 06/30/2007 M 616 A 616 ( 1 ) D ( 1 )
Class A Common Stock ( 1 ) 06/30/2007 D 616 D $ 40.03 0 D ( 1 )
Class A Common Stock ( 1 ) 06/30/2007 M 610 A 610 ( 1 ) D ( 1 )
Class A Common Stock ( 1 ) 06/30/2007 D 610 D $ 40.03 0 D ( 1 )
Class A Common Stock ( 1 ) 06/30/2007 M 754 A 754 ( 1 ) D ( 1 )
Class A Common Stock ( 1 ) 06/30/2007 D 754 D $ 40.03 0 D ( 1 )
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 ( 2 ) $ 10.5625 ( 3 ) 06/30/2012 Class A Common 5,835 5,835 D
Employee Stock Option ( 2 ) $ 20.45 ( 3 ) 06/30/2012 Class A Common 10,000 15,835 D
Employee Stock Option ( 2 ) $ 20.63 ( 3 ) 06/30/2012 Class A Common 4,500 ( 4 ) 20,335 D
Restricted Stock Units ( 5 ) ( 5 ) 06/30/2007 M 415 ( 5 )( 6 ) ( 5 ) Class A Common Stock 830 ( 5 ) 0 ( 7 ) D
Restricted Stock Units ( 5 ) ( 5 ) 06/30/2007 M 616 ( 5 )( 8 ) ( 5 ) Class A Common Stock 1,232 ( 5 ) 0 ( 9 ) D
Restricted Stock Units ( 5 ) ( 5 ) 06/30/2007 M 610 ( 5 )( 10 ) ( 5 ) Class A Common Stock 1,220 ( 5 ) 0 ( 11 ) D
Restricted Stock Units ( 5 ) ( 5 ) 06/30/2007 M 754 ( 5 )( 12 ) ( 5 ) Class A Commoon Stock 1,508 ( 5 ) 0 ( 13 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KOLF FRANK
C/O ALBANY INTERNATIONAL CORP.
P.O. BOX 1907
ALBANY, NY12201-1907
Senior Vice President
Signatures
Frank Kolf 07/02/2007
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Deemed acquisition and disposition to the issuer of shares underlying previously granted Restricted Stock Units upon settlement in cash of such Units (see footnote 5). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
( 2 )Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.
( 3 )Fully exercisable.
( 4 )Reflects the termination of 500 options pursuant to the 1998 Stock Option Plan upon the reporting person's June 30, 2007 retirement from the Company.
( 5 )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.
( 6 )Pursuant to the Restricted Stock Unit Plan, 415 Restricted Stock Units vested upon the reporting person's June 30, 2007 retirement from the Company.
( 7 )In addition to the vesting of 415 Restricted Stock Units, reflects the forfeiture of 415 Restricted Stock Units pursuant to the Restricted Stock Unit Plan upon the reporting person's June 30, 2007 retirement from the Company.
( 8 )Pursuant to the Restricted Stock Unit Plan, 616 Restricted Stock Units vested upon the reporting person's June 30, 2007 retirement from the Company.
( 9 )In addition to the vesting of 616 Restricted Stock Units, reflects the forfeiture of 616 Restricted Stock Units pursuant to the Restricted Stock Unit Plan upon the reporting person's June 30, 2007 retirement from the Company.
( 10 )Pursuant to the Restricted Stock Unit Plan, 610 Restricted Stock Units vested upon the reporting person's June 30, 2007 retirement from the Company.
( 11 )In addition to the vesting of 610 Restricted Stock Units, reflects the forfeiture of 610 Restricted Stock Units pursuant to the Restricted Stock Unit Plan upon the reporting person's June 30, 2007 retirement from the Company.
( 12 )Pursuant to the Restricted Stock Unit Plan, 754 Restricted Stock Units vested upon the reporting person's June 30, 2007 retirement from the Company.
( 13 )In addition to the vesting of 754 Restricted Stock Units, reflects the forfeiture of 754 Restricted Stock Units pursuant to the Restricted Stock Unit Plan upon the reporting person's June 30, 2007 retirement from the Company.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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