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*
MCKONE FRANCIS L

(Last) (First) (Middle)
C/O ALBANY INTERNATIONAL CORP.
P.O. BOX 1907

(Street)
ALBANY NY 12201-1907

(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)
08/11/2003
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 52,628 D
Class A Common Stock 08/11/2003 M 24,200 A $22.25 76,828 D
Class A Common Stock 08/11/2003 M 12,500 A $10.5625 89,328 D
Class A Common Stock 08/11/2003 S 36,700 D $26.802 52,628 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
Class B Common Stock (1) (1) (1) Class A Common Stock 1,050 1,050 D
Employee Stock Option(2) $22.25 08/11/2003 M 24,200 05/18/1996(3) 06/01/2011 Class A Common Stock 0 (2) 0 D
Employee Stock Option(2) $22.25 05/14/1997(3) 06/01/2011 Class A Common Stock 40,000 40,000 D
Employee Stock Option(2) $19.75 04/15/1998(3) 06/01/2011 Class A Common Stock 36,000 76,000 D
Employee Stock Option(2) $19.375 11/04/1999(3) 06/01/2011 Class A Common Stock 28,000 104,000 D
Employee Stock Option(4) $10.5625 08/11/2003 M 12,500 11/15/2001(3) 06/01/2011 Class A Common Stock 0 (4) 104,000 D
Explanation of Responses:
1. Convertible, on a share-for-share basis, into Class A Common Stock at any time.
2. Option granted pursuant to Company's 1992 Stock Option Plan as incentive to remain in employ of Company.
3. Fully exercisable.
4. Options granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.
Remarks:
Francis L. McKone 08/12/2003
** 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.