ALBANY INTERNATIONAL CORP /DE/ — Director's Dealing 2013

Nov 12, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK: 0000819793
Period of Report: 2013-11-11

Reporting Person: Wimbrow Dawne H (Vice President GIS & CIO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-11-11	Class A Common Stock	M	570	—	Acquired	570	Direct
2013-11-11	Class A Common Stock	D	570	$36.04	Disposed	0	Direct
2013-11-11	Class A Common Stock	M	547	—	Acquired	547	Direct
2013-11-11	Class A Common Stock	D	547	$36.04	Disposed	0	Direct
2013-11-11	Class A Common Stock	M	534	—	Acquired	534	Direct
2013-11-11	Class A Common Stock	D	534	$36.04	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-11-11	Restricted Stock Units	$	M	570	Disposed		Class A Common Stock (570)	Direct
2013-11-11	Retricted StockUnits	$	M	547	Disposed		Class A Common Stock (1094)	Direct
2013-11-11	Restricted Stock Units	$	M	534	Disposed		Class A Common Stock (1602)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	560	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$20.45	2021-11-06	Class A Common (300)	300	Direct
Employee Stock Option	$20.63	2022-11-07	Class A Common (600)	900	Direct
Phantom Stock Units	$		Class A Common Stock (2802)	2802	Direct

Footnotes

F1: 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 4). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.

F2: Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.

F3: Fully exercisable.

F4: 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.

F5: 500 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2009.

F6: Includes dividend units accrued on Restricted Stock Units on April 5, 2013, July 8, 2013 and October 7, 2013.

F7: 500 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2010.

F8: 500 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2011.

F9: 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.

F10: 701 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2013.