Albany International (AIN) Form 4 ALBANY INTERNATIONAL / Daniel A Halftermeyer 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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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^*

Halftermeyer Daniel A

(Last) (First) (Middle)

C/O ALBANY INTERNATIONAL CORP.

216 AIRPORT DRIVE, UNIT 1

(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
X	Officer (give title below)	Other (specify below)
President, PMC

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2016

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	03/01/2016		A		4,873(1)	A	$0	55,135	D
Class A Common Stock	03/01/2016		A		7,459(2)	A	$0	62,594	D
Class A Common Stock	03/01/2016		F		3,329(3)	D	$37.42	59,265	D

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
Employee Stock Option(4)	$22.25							(5)	05/14/2016	Class A Common Stock	2,000		2,000	D
Employee Stock Option(4)	$19.75							(5)	04/15/2017	Class A Common Stock	2,000		4,000	D
Employee Stock Option(6)	$19.375							(5)	11/04/2018	Class A Common Stock	2,500		6,500	D
Employee Stock Option(6)	$15.6875							(5)	11/09/2019	Class A Common Stock	4,000		10,500	D
Employee Stock Option(6)	$10.5625							(5)	11/15/2020	Class A Common Stock	2,800		13,300	D
Employee Stock Option(6)	$20.45							(5)	11/06/2021	Class A Common Stock	4,000		17,300	D
Employee Stock Option(6)	$20.63							(5)	11/07/2022	Class A Common Stock	4,000		21,300	D

Explanation of Responses:

1. Shares distributed pursuant to an Annual Performance Bonus Award made under the Albany International Corp. 2011 Incentive Plan (the "Incentive Plan").

2. Shares distributed pursuant to a Multi-Year Performance Bonus Award made under the Albany International Corp. 2011 Incentive Plan.

3. Shares withheld to satisfy the tax liability in connection with the acquisitions described in footnotes 1 and 2 above.

4. Options granted pursuant to the Company's 1992 Stock Option Plan as incentive to remain in employ of the Company.

5. Fully exercisable.

6. Options granted pursuant to the Company's 1998 Stock Option Plan as incentive to remain in employ of the Company.

Remarks:

	Kathleen M. Tyrrell, Attorney-in-Fact	03/03/2016
	** 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).
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