Albany International (AIN) Form 4 ALBANY INTERNATIONAL / CHRISTINE L STANDISH ownership change

SEC Form 4

FORM 4

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

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

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X

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

1. Name and Address of Reporting Person^*

STANDISH CHRISTINE L

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2021

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 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								364	I	By 401(k)
Class A Common Stock	08/10/2021		C(1)		50,000	A	$0.00	50,000	I	See Footnote(2)
Class A Common Stock	08/10/2021		C(1)		100	A	$0.00	7,066	D
Class A Common Stock	08/10/2021		C(1)		169,117	A	$0.00	169,117	I	Held by J.S. Standish Co.
Class A Common Stock	08/10/2021		S		169,117	D	$75.9656(3)	0	I	Held by J.S. Standish Co.
Class A Common Stock	08/10/2021		C(1)		1,397,527	A	$0.00	1,397,527	I	Held by Standish Family Holdings, LLC
Class A Common Stock	08/10/2021		S		1,397,527	D	$75.9656(3)	0	I	Held by Standish Family Holdings, LLC

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(4)	08/10/2021		C			169,117	(4)	(4)	Class A Common Stock	169,117	$0.00	0	I	Held by J.S. Standish Co.
Class B Common Stock	(4)	08/10/2021		C			1,397,527	(4)	(4)	Class A Common Stock	1,397,527	$0.00	0	I	Held by Standish Family Holdings, LLC
Class B Common Stock	(4)	08/10/2021		C			50,000	(4)	(4)	Class A Common Stock	50,000	$0.00	0	I	See Footnote(2)
Class B Common Stock	(4)	08/10/2021		C			100	(4)	(4)	Class A Common Stock	100	$0.00	0	D

Explanation of Responses:

1. Represents the conversion of Class B Common Stock into Class A Common Stock on a share-by-share basis.

2. Shares are held in the Discretionary Trust for Christine L. Standish U/A/D 6/21/83 for which Reporting Person is the primary beneficiary.

3. Represents shares of Class A Common Stock sold to the underwriters pursuant to an underwritten public offering that closed on August 10, 2021. The price per share received by the reporting persons is equal to the public offering price of $75.9656.

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

Remarks:

	Kathleen M. Tyrrell, Attorney-in-Fact	08/10/2021
	** 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).
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