Statement of Changes in Beneficial Ownership (4)
February 22 2021 - 12:50PM
Edgar (US Regulatory)
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
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Pawlick David M |
2. Issuer Name and Ticker or Trading Symbol
ALBANY INTERNATIONAL CORP /DE/
[
AIN
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Vice President- Controller |
(Last)
(First)
(Middle)
C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/18/2021 |
(Street)
ROCHESTER, NH 03867
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | | | | | | | | 1044 | I | By 401(k) |
Class A Common Stock | | | | | | | | 2314 | D | |
Class A Common Stock | 2/19/2021 | | M | | 1000 | A | $20.45 | 1000 | D | |
Class A Common Stock | 2/19/2021 | | S | | 1000 | D | $79.23 | 0 | D | |
Class A Common Stock | 2/19/2021 | | M | | 1000 | A | $20.63 | 1000 | D | |
Class A Common Stock | 2/19/2021 | | S | | 537 | D | $79.24 | 463 | D | |
Class A Common Stock | 2/19/2021 | | S | | 129 | D | $79.2404 | 334 | D | |
Class A Common Stock | 2/19/2021 | | S | | 334 | D | $79.55 | 0 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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 |
Employee Stock Option (1) | $20.45 | 2/19/2021 | | M | | | 1000 | (2) | 11/6/2021 | Class A Common | 1000 | $0 | 0 | D | |
Employee Stock Option (1) | $20.63 | 2/19/2021 | | M | | | 1000 | (2) | 11/7/2022 | Class A Common | 1000 | $0 | 0 | D | |
Phantom Stock Units (3) | (3) | | | | | | | 3/1/2017 (3)(4) | (3)(4) | Class A Common Stock | 420 | | 420 | D | |
Phantom Stock Units (5) | (5) | | | | | | | 3/1/2018 (5)(6) | (5)(6) | Class A Common Stock | 792 | | 792 | D | |
Phantom Stock Units (7) | (7) | | | | | | | 3/1/2019 (7)(8) | (7)(8) | Class A Common Stock | 1315 | | 1315 | D | |
Phantom Stock Units (9) | (9) | | | | | | | 3/1/2020 (9)(10) | (9)(10) | Class A Common Stock | 1832 | | 1832 | D | |
Phantom Stock Units (11) | (11) | 2/18/2021 | | A | | 2445 | | 3/1/2021 (11)(12) | (11)(12) | Class A Common Stock | 2445 | $0 (11) | 2445 | D | |
Explanation of Responses: |
(1) | Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company. |
(2) | Fully exercisable. |
(3) | Phantom Stock Units granted on February 23, 2017 pursuant to 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. |
(4) | 422 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2017. |
(5) | Phantom Stock Units granted on February 22, 2018 pursuant to 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. |
(6) | 396 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2018. |
(7) | Phantom Stock Units granted on February 21, 2019 pursuant to 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. |
(8) | 439 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2019. |
(9) | Phantom Stock Units granted on February 20, 2020 pursuant to 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. |
(10) | 458 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2020. |
(11) | Phantom Stock Units granted on February 18, 2021 pursuant to 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. |
(12) | 489 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2021. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Pawlick David M C/O ALBANY INTERNATIONAL CORP. 216 AIRPORT DRIVE ROCHESTER, NH 03867 |
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| Vice President- Controller |
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Signatures
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Kathleen M. Tyrrell, Attorney-in-Fact | | 2/22/2021 |
**Signature of Reporting Person | Date |
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