- -------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION ----------------------------- FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL - -------- ----------------------------- / / CHECK THIS BOX IF NO STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB NUMBER: 3235-0287 LONGER SUBJECT TO EXPIRES: January 31, 2005 SECTION 16. FORM 4 OR Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, ESTIMATED AVERAGE BURDEN FORM 5 OBLIGATIONS MAY Section 17(a) of the Public Utility Holding Company Act of 1935 or HOURS PER RESPONSE .... 0.5 CONTINUE. SEE Section 30(f) of the Investment Company Act of 1940 ----------------------------- INSTRUCTION 1(b). (Print or Type Responses) - ------------------------------------------------------------------------------------------------------------------------------------ 1. Name and Address of Reporting Person* 2. Issuer Name AND Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Standish J. Spencer Albany International Corp. ("AIN") Director X 10% Owner ---- ---- - --------------------------------------------------------------------------------------------- Officer (give Other (Last) (First) (Middle) 3. I.R.S. Identification 4. Statement for ---- title ---- (specify Number of Reporting Month/Year below) below c/o Albany International Corp. Person, if an entity ----------------- ------------------ P.O. Box 1907 (voluntary) August 23, 2002 - -------------------------------------------- --------------------- 7. Individual or Joint/Group Filing (Street) ###-##-#### 5. If Amendment, (Check Applicable Line) Date of Original _X_Form filed by One Reporting Person (Month/Year) ___Form filed by More than One Albany NY 12201-1907 Reporting Person - ------------------------------------------------------------------------------------------------------------------------------------ (City) (State) (Zip) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED - ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature (Instr. 3) action action or Disposed of (D) Securities ship of In- Date Code (Instr. 3, 4 and 5) Beneficially Form: direct (Instr. 8) Owned at Direct Bene- (Month/ End of (D) or ficial Day/ ------------------------------------------- Month Indirect Owner- Year) (A) or (I) ship Code V Amount (D) Price (Instr. 3 (Instr. 4) (Instr. 4) and 4) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 8/1/02 C 1,300 A 1-for-1 I (3) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 8/1/02 S 1,300 D $23.00 0 I (3)(4) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 8/6/02 C 29,000 A 1-for-1 I (3) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 8/6/02 S 29,000 D $23.3563 0 I (3)(4) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 8/7/02 C 21,300 A 1-for-1 I (3) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 8/7/02 S 21,300 D $23.2754 0 I (3)(4) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 8/8/02 C 23,200 A 1-for-1 I (3) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 8/8/02 S 23,200 D $23.485 0 I (3)(4) - ------------------------------------------------------------------------------------------------------------------------------------ Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over) * If the form is filed by more than one reporting person, SEE Instruction 4(b)(v). SEC 1474 (3-99) POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
FORM 4 (continued) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED - ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature (Instr. 3) action action or Disposed of (D) Securities ship of In- Date Code (Instr. 3, 4 and 5) Beneficially Form: direct (Instr. 8) Owned at Direct Bene- (Month/ End of (D) or ficial Day/ ------------------------------------------- Month Indirect Owner- Year) (A) or (I) ship Code V Amount (D) Price (Instr. 3 (Instr. 4) (Instr. 4) and 4) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 8/9/02 C 24,800 A 1-for-1 I (3) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 8/9/02 S 24,800 D $23.4701 0 I (3)(4) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 8/12/02 C 11,700 A 1-for-1 I (3) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 8/12/02 S 11,700 D $23.0147 0 I (3)(4) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 8/13/02 C 4,100 A 1-for-1 I (3) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 8/13/02 S 4,100 D $23.0344 0 I (3)(4) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 8/19/02 C 8,700 A 1-for-1 I (3) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 8/19/02 S 8,700 D $23.0798 0 I (3)(4) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 8/20/02 C 2,600 A 1-for-1 I (3) - ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 8/20/02 S 2,600 D $23.0012 0 I (3)(4) - ------------------------------------------------------------------------------------------------------------------------------------ Page 2
FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) - ------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exer- (Instr. 3) sion or action tion Code ative Securities Ac- cisable and Ex- Exercise Date (Instr. 8) quired (A) or Dis- piration Date Price of (Month/ posed of (D) (Month/Day/ Deriv- Day/ (Instr. 3, 4, and 5) Year) ative Year) Security -------------------- Date Expira- -------------------------------------- Exer- tion cisable Date Code V (A) (D) - ------------------------------------------------------------------------------------------------------------------------ Class B Common Stock (1) (1) (1) - ------------------------------------------------------------------------------------------------------------------------ Class B Common Stock (1) 8/1/02 C 1,300 (1) (1) - ------------------------------------------------------------------------------------------------------------------------ Class B Common Stock (1) 8/6/02 C 29,000 (1) (1) - ------------------------------------------------------------------------------------------------------------------------ Class B Common Stock (1) 8/7/02 C 21,300 (1) (1) - ------------------------------------------------------------------------------------------------------------------------ Class B Common Stock (1) 8/8/02 C 23,200 (1) (1) - ------------------------------------------------------------------------------------------------------------------------ Class B Common Stock (1) 8/9/02 C 24,800 (1) (1) - ------------------------------------------------------------------------------------------------------------------------ Class B Common Stock (1) 8/12/02 C 11,700 (1) (1) - ------------------------------------------------------------------------------------------------------------------------ Class B Common Stock (1) 8/13/02 C 4,100 (1) (1) - ------------------------------------------------------------------------------------------------------------------------ Class B Common Stock (1) 8/19/02 C 8,700 (1) (1) - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ 7. Title and Amount of Under- 8. Price 9. Number 10. Owner- 11. Nature lying Securities of of Deriv- ship of In- (Instr. 3 and 4) Deriv- ative Form direct ative Securi- of De- Bene- Secur- ties rivative ficial ity Bene- Secu- Own- (Instr. ficially rity: ership 5) Owned Direct (Instr. 4) at End (D) or Amount or of Indi- Title Number of Month rect (I) Shares (Instr. 4) (Instr. 4) - ------------------------------------------------------------------------------------------ Class A Common Stock 151,318 I (2) - ------------------------------------------------------------------------------------------ Class A Common Stock 1,300 I (3) - ------------------------------------------------------------------------------------------ Class A Common Stock 29,000 I (3) - ------------------------------------------------------------------------------------------ Class A Common Stock 21,300 I (3) - ------------------------------------------------------------------------------------------ Class A Common Stock 23,200 I (3) - ------------------------------------------------------------------------------------------ Class A Common Stock 24,800 I (3) - ------------------------------------------------------------------------------------------ Class A Common Stock 11,700 I (3) - ------------------------------------------------------------------------------------------ Class A Common Stock 4,100 I (3) - ------------------------------------------------------------------------------------------ Class A Common Stock 8,700 I (3) - ------------------------------------------------------------------------------------------ Explanation of Responses: (1) Convertible, on a share-for-share basis, into 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 President and a director, and has the power to elect and remove all of the directors, of the J.S. Standish Co. (4) Sale pursuant to a 10b5-1 plan. Page 3
FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) - ------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exer- (Instr. 3) sion or action tion Code ative Securities Ac- cisable and Ex- Exercise Date (Instr. 8) quired (A) or Dis- piration Date Price of (Month/ posed of (D) (Month/Day/ Deriv- Day/ (Instr. 3, 4, and 5) Year) ative Year) Security -------------------- Date Expira- -------------------------------------- Exer- tion cisable Date Code V (A) (D) - ------------------------------------------------------------------------------------------------------------------------ Class B Common Stock (1) C 2,600 (1) (1) - ------------------------------------------------------------------------------------------------------------------------ Class B Common Stock (1) (1) (1) - ------------------------------------------------------------------------------------------------------------------------ Class B Common Stock (1) (1) (1) - ------------------------------------------------------------------------------------------------------------------------ Employee Stock Option $15.50 (7) 5/1/08 - ------------------------------------------------------------------------------------------------------------------------ Employee Stock Option $15.00 (7) 5/1/08 - ------------------------------------------------------------------------------------------------------------------------ Class B Common Stock (1) (1) (1) - ------------------------------------------------------------------------------------------------------------------------ Class B Common Stock (1) (1) (1) - ------------------------------------------------------------------------------------------------------------------------ Class B Common Stock (1) (1) (1) - ------------------------------------------------------------------------------------------------------------------------ Class B Common Stock (1) (1) (1) - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------ 7. Title and Amount of Under- 8. Price 9. Number 10. Owner- 11. Nature lying Securities of of Deriv- ship of In- (Instr. 3 and 4) Deriv- ative Form direct ative Securi- of De- Bene- Secur- ties rivative ficial ity Bene- Secu- Own- (Instr. ficially rity: ership 5) Owned Direct (Instr. 4) at End (D) or Amount or of Indi- Title Number of Month rect (I) Shares (Instr. 4) (Instr. 4) - ------------------------------------------------------------------------------------------ Class A Common Stock 2,600 3,241,313 I (3) - ------------------------------------------------------------------------------------------ Class A Common Stock 1,345,565 I (5) - ------------------------------------------------------------------------------------------ Class A Common Stock 108,729 I (6) - ------------------------------------------------------------------------------------------ Class A Common Stock 200,000 I (2) - ------------------------------------------------------------------------------------------ Class A Common Stock 16,000 D - ------------------------------------------------------------------------------------------ Class A Common Stock 120,000 I (8) - ------------------------------------------------------------------------------------------ Class A Common Stock 120,000 I (9) - ------------------------------------------------------------------------------------------ Class A Common Stock 10,700 I (10) - ------------------------------------------------------------------------------------------ Class A Common Stock 10,700 I (11) - ------------------------------------------------------------------------------------------ Explanation of Responses: (5) Held by trust u/w Florence Standish. Undersigned has voting and investment power. (6) Held by trust u/w J.C. Standish. Undersigned has voting and investment power. (7) Fully exercisable. (8) Held by the Christine L. Standish Delta Trust. Undersigned has sole voting and investment power, and disclaims beneficial ownership, with respect to such shares. (9) Held by the John C. Standish Delta Trust. Undersigned has sole voting and investment power, and disclaims beneficial ownership, with respect to such shares. (10) Held by the Christine L. Standish Gift Trust. Undersigned has sole voting and investment power, and disclaims beneficial ownership, with respect to such shares. (11) Held by the John C. Standish Gift Trust. Undersigned has sole voting and investment power, and disclaims beneficial ownership, with respect to such shares. /s/ J. Spencer Standish August 23, 2002 --------------------------------- --------------- **Intentional misstatements or omissions of facts constitute **Signature of Reporting Person Date 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. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. Page 4