Standish J Spencer Form 5 ALBANY INTERNATIONAL / J SPENCER STANDISH ownership change

SEC Form 5

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:	3235-0362
Estimated average burden
hours per response:	1.0

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Form 3 Holdings Reported.

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

STANDISH J SPENCER

(Last) (First) (Middle)

C/O ALBANY INTERNATIONAL CORP.

216 AIRPORT DRIVE

(Street)

ROCHESTER NH 03867

(City) (State) (Zip)

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
	Officer (give title below)	X	Other (specify below)
Chairman Emeritus

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
					(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(1)						(1)	(1)	Class A Common Stock	151,318		151,318	I	Held by Standish Delta Trust(2)(10)
Class B Common Stock	(1)						(1)	(1)	Class A Common Stock	869,117		869,117	I	Held by J. S. Standish Co.(3)(10)
Class B Common Stock	(1)	02/09/2015		G		100	(1)	(1)	Class A Common Stock	1,345,565	(1)	1,345,465	I	Held by trust u/w Florence Standish(4)(10)
Class B Common Stock	(1)						(1)	(1)	Class A Common Stock	108,729		108,729	I	Held by trust u/w J. C. Standish(5)(10)
Class B Common Stock	(1)						(1)	(1)	Class A Common Stock	120,000		120,000	I	Held by Christine L. Standish Delta Trust(6)(10)
Class B Common Stock	(1)						(1)	(1)	Class A Common Stock	120,000		120,000	I	Held by John C. Standish Delta Trust(7)(10)
Class B Common Stock	(1)						(1)	(1)	Class A Common Stock	10,700		10,700	I	Held by Christine L. Standish Gift Trust(8)(10)
Class B Common Stock	(1)						(1)	(1)	Class A Common Stock	10,700		10,700	I	Held by John C. Standish Gift Trust(9)(10)

Explanation of Responses:

1. Convertible on a share-by-share basis into shares of Class A Common Stock.

2. Held by Standish Delta Trust. Undersigned has neither voting nor investment power and disclaims beneficial ownership.

3. Held by J. S. Standish Co., Undersigned is a director, and has shared power to elect and remove all of the directors, of J. S. Standish Co.

4. Held by trust u/w Florence Standish.

5. Held by trust u/w J. C. Standish.

6. Held by Christine L. Standish Delta Trust. Undersigned disclaims beneficial ownership of such shares.

7. Held by the John C. Standish Delta Trust. Undersigned disclaims beneficial ownership of such shares.

8. Held by Christine L. Standish Gift Trust. Undersigned disclaims beneficial ownership of such shares.

9. Held by the John C. Standish Gift Trust. Undersigned disclaims beneficial ownership of such shares.

10. Held by Standish Family Holdings, LLC ("Holdings"). On June 9, 2015, Mr. Standish, each of the trusts referred to above, J. S. Standish Co., and other trusts created by and for the benefit of various members of the Standish family, contributed all of the shares of Class B Common Stock held by such holders, including all of the shares reported above, to Holdings in exchange for a proportionate number of membership units. Holdings is managed by the J. S. Standish Company, which has sole voting and investment control over the shares of Class B Common Stock held by Holdings. Mr. Standish, together with John C. Standish and Christine L. Standish, has joint power to elect and remove all of the directors of J. S. Standish Company. Mr. Standish disclaims beneficial ownership except for those shares as to which he has a pecuniary interest.

Remarks:

	Charles J. Silva, Jr., Attorney-in-Fact	02/10/2016
	** 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 Number.