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 OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Loudon Diane M 		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)
President- AEC
(Last)          (First)          (Middle)

C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE 		3. Date of Earliest Transaction (MM/DD/YYYY)

3/1/2017
(Street)

ROCHESTER, NH 03867
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   3/1/2017     A    2697   (1) A $0   2697   D  
 
Class A Common Stock   3/1/2017     F    738   (2) D $47.40   1959   D  
 
Class A Common Stock   (3) 3/1/2017     M    339   A $0   (3) 339   (3) D   (3)
 
Class A Common Stock   (3) 3/1/2017     D    339   D $47.44   0   D   (3)
 
Class A Common Stock   (3) 3/1/2017     M    279   A $0   (3) 279   (3) D   (3)
 
Class A Common Stock   (3) 3/1/2017     D    279   D $47.44   0   D   (3)
 
Class A Common Stock   (3) 3/1/2017     M    218   A $0   (3) 218   (3) D   (3)
 
Class A Common Stock   (3) 3/1/2017     D    218   D $47.44   0   D   (3)
 
Class A Common Stock   (3) 3/1/2017     M    344   A $0   (3) 344   (3) D   (3)
 
Class A Common Stock   (3) 3/1/2017     D    344   D $47.44   0   D   (3)
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Phantom Stock Units   (4)   (4) 3/1/2017     M         339    3/1/2013   (4) (5)   (4) (5) Class A Common Stock   339   $0   (4) 0   D  
 
Phantom Stock Units   (6)   (6) 3/1/2017     M         279    3/1/2014   (6) (7)   (6) (7) Class A Common Stock   557   $0   (6) 278   D  
 
Phantom Stock Units   (8)   (8) 3/1/2017     M         218    3/1/2015   (8) (9)   (8) (9) Class A Common Stock   656   $0   (8) 438   D  
 
Phantom Stock Units   (10)   (10) 3/1/2017     M         344    3/1/2016   (10) (11)   (10) (11) Class A Common Stock   1378   $0   (10) 1034   D  
 

Explanation of Responses:
( 1)  Shares distributed pursuant to an Annual Performance Bonus Award made under the Albany International Corp. 2011 Incentive Plan (the "Incentive Plan").
( 2)  Shares withheld to satisfy the tax liability in connection with the acquisition described in footnote 1 above.
( 3)  Deemed acquisition and disposition to the issuer of shares of stock underlying Phantom Stock Units upon automatic vesting and cash settlement of such units (see footnotes 2, 4, 6 and 8). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
( 4)  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.
( 5)  339 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2013.
( 6)  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.
( 7)  279 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2014.
( 8)  Phantom Stock Units granted on February 27, 2015 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.
( 9)  218 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2015.
( 10)  Phantom Stock Units granted on February 25, 2016 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)  344 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2016.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Loudon Diane M
C/O ALBANY INTERNATIONAL CORP.
216 AIRPORT DRIVE
ROCHESTER, NH 03867

President- AEC

Signatures
Kathleen M. Tyrrell, Attorney-in-Fact 3/3/2017
** Signature of Reporting Person Date


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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
Albany (NYSE:AIN)
Historical Stock Chart
From Aug 2024 to Sep 2024 Click Here for more Albany Charts.
Albany (NYSE:AIN)
Historical Stock Chart
From Sep 2023 to Sep 2024 Click Here for more Albany Charts.