Edgar Filing: ALBANY INTERNATIONAL CORP /DE/

Ownership Submission

FORM 4

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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:

3235-0287

Expires:

January 31, 2005

Estimated average burden hours per response...

0.5

(Print or Type Responses)

1. Name and Address of Reporting Person ^*

STANDISH JOHN C

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
__X__ Officer (give title below)	_____ Other (specify below)
Senior Vice President

(Last)

(First)

(Middle)

C/O ALBANY INTERNATIONAL CORP., P.O. BOX 1907

3. Date of Earliest Transaction (Month/Day/Year)
11/16/2006

(Street)

ALBANY, NY 12201-1907

4. If Amendment, Date 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

(City)

(State)

(Zip)

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	11/16/2006		I		1,878	D	$ 32.19	0	I	By ESOP
Class A Common Stock								11	I	Held by spouse. ⁽¹⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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 control number.		SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Class B Common Stock

⁽²⁾

Class A Common

1,704

1,704 ⁽³⁾

Class B Common Stock

⁽²⁾

Class A Common

120,000

Held by John C. Standish Delta Trust. ⁽⁴⁾

Class B Common Stock

⁽²⁾

Class A Common

10,700

Held by John C. Standish Gift Trust. ⁽⁵⁾

Class B Common Stock

⁽²⁾

Class A Common

151,318

Held by Standish Delta Trust. ⁽⁶⁾

Employee Stock Option ⁽⁷⁾

$ 22.25

⁽⁸⁾

05/18/2015

Class A Common

1,000

Employee Stock Option ⁽⁷⁾

$ 22.25

⁽⁸⁾

05/14/2016

Class A Common

1,000

2,000

Employee Stock Option ⁽⁹⁾

$ 19.375

⁽⁸⁾

11/04/2018

Class A Common

300

2,300

Employee Stock Option ⁽⁹⁾

$ 15.6875

⁽⁸⁾

11/09/2019

Class A Common

600

2,900

Employee Stock Option ⁽⁹⁾

$ 10.5625

⁽⁸⁾

11/15/2020

Class A Common

720

3,620

Employee Stock Option ⁽⁹⁾

$ 20.45

⁽⁸⁾

11/06/2021

Class A Common

2,000

5,620

Employee Stock Option ⁽⁹⁾

$ 20.63

11/07/2003⁽¹⁰⁾

11/07/2022

Class A Common

2,000

7,620

Restricted Stock Units ⁽¹¹⁾

⁽¹¹⁾

11/13/2004⁽¹¹⁾⁽¹²⁾

⁽¹¹⁾⁽¹²⁾

Class A Common Stock

371

247

Restricted Stock Units ⁽¹¹⁾

⁽¹¹⁾

11/11/2005⁽¹¹⁾⁽¹³⁾

⁽¹¹⁾⁽¹³⁾

Class A Common Stock

652

489

Restricted Stock Units ⁽¹¹⁾

⁽¹¹⁾

11/11/2006⁽¹¹⁾⁽¹⁴⁾

⁽¹¹⁾⁽¹⁴⁾

Class A Common Stock

1,263

1,010

Restricted Stock Units ⁽¹¹⁾

⁽¹¹⁾

11/11/2007⁽¹¹⁾⁽¹⁵⁾

⁽¹¹⁾⁽¹⁵⁾

Class A Common Stock

1,250

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
STANDISH JOHN C C/O ALBANY INTERNATIONAL CORP. P.O. BOX 1907 ALBANY, NY 12201-1907	X		Senior Vice President

Signatures

John C. Standish		11/20/2006
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Held by spouse. Mr. Standish disclaims beneficial ownership.
(2)	Convertible on a share-for-share basis, into shares of the Company's Class A Common Stock.
(3)	Includes 1,000 shares held by Mr. Standish as custodian for his minor son.
(4)	Held by the John C. Standish Delta Trust, a trust for the beneficiaries of which include Mr. Standish's children. Mr. Standish disclaims investment control with respect to, and beneficial ownership of, these shares.
(5)	Held by the John C. Standish Gift Trust. Mr. Standish disclaims investment control with respect to, and beneficial ownership of, these shares.
(6)	Held by Standish Delta Trust, a trust of which Mr. Standish is a beneficiary and as to which he shares voting and investment power.
(7)	Option granted pursuant to Company's 1992 Stock Option Plan as incentive to remain in employ of Company.
(8)	Fully exercisable.
(9)	Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.
(10)	Become exercisable as to 400 shares on each November 7, beginning November 7, 2003.
(11)	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.
(12)	120 Restricted Stock Units (plus related dividend units) vest on each November 13, beginning November 13, 2004.
(13)	160 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2005.
(14)	250 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2006.
(15)	250 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2007.

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.