ALBANY INTERNATIONAL CORP /DE/ — Director's Dealing 2014

Mar 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK: 0000819793
Period of Report: 2014-02-28

Reporting Person: Pawlick David M (Vice President- Controller)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-28	Phantom Stock Units	$	A	1590	Acquired		Class A Common Stock (1590)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	952	Indirect
Class A Common Stock	2314	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option	$20.45	2021-11-06	Class A Common (1000)	1000	Direct
Employee Stock Option	$20.63	2022-11-07	Class A Common (1000)	1000	Direct
Restricted Stock Units	$		Class A Common Stock (330)	330	Direct
Restricted Stock Units	$		Class A Common Stock (730)	730	Direct
Phantom Stock Units	$		Class A Common Stock (1898)	1898	Direct

Footnotes

F1: Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.

F2: Fully exercisable.

F3: 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.

F4: 300 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2010.

F5: Includes dividend units accrued on Restricted Stock Units on January 8, 2014.

F6: 340 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2011.

F7: 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.

F8: 475 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2013.

F9: 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.

F10: 318 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2014.