SEC Filing | Albany International Corp

View:

SEC FORM 3 SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Madden David B

(Last)

(First)

(Middle)

C/O ALBANY INTERNATIONAL CORP.

P.O. BOX 1907

(Street)

ALBANY

12201-1907

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2006

3. Issuer Name and Ticker or Trading Symbol
ALBANY INTERNATIONAL CORP /DE/ [ AIN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	2,186	I	By 401(k)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option⁽¹⁾	⁽²⁾	11/04/2018	Class A Common Stock	1,000	19.375	D
Employee Stock Option⁽¹⁾	⁽²⁾	11/09/2019	Class A Common Stock	1,500	15.6875	D
Employee Stock Option⁽¹⁾	11/15/2001⁽²⁾	11/15/2020	Class A Common Stock	1,200	10.5625	D
Employee Stock Option⁽¹⁾	11/06/2002⁽³⁾	11/06/2021	Class A Common Stock	1,500	20.45	D
Employee Stock Option⁽¹⁾	11/07/2003⁽⁴⁾	11/07/2022	Class A Common Stock	1,500	20.63	D
Restricted Stock Units⁽⁵⁾	11/13/2004⁽⁵⁾⁽⁶⁾	⁽⁵⁾⁽⁶⁾	Class A Common Stock	490	⁽⁵⁾	D
Restricted Stock Units⁽⁵⁾	11/11/2005⁽⁵⁾⁽⁷⁾	⁽⁵⁾⁽⁷⁾	Class A Common Stock	647	⁽⁵⁾	D
Restricted Stock Units⁽⁵⁾	11/11/2006⁽⁸⁾	⁽⁵⁾⁽⁸⁾	Class A Common Stock	1,253	⁽⁵⁾	D

Explanation of Responses:

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

2. Fully exercisable.

3. Become exercisable as to 300 shares on each November 6, beginning November 6, 2002.

4. Become exercisable as to 300 shaers on each November 7, beginning November 7, 2003.

5. 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.

6. 160 Restricted Stock Units (plus related dividend units) vest on each November 13, beginning November 13, 2004.

7. 160 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2005.

8. 250 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2006.

Remarks:

	David Madden	04/04/2006
	** 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 5 (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.