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

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

STANDISH CHRISTINE L

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)

(Last)

(First)

(Middle)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/11/2008

(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								6,595	D
Class A Common Stock								306	I	by ESOP
Class A Common Stock								818	I	By spouse's ESOP ⁽¹⁾
Class A Common Stock ⁽²⁾	11/11/2008		M		63	A	⁽²⁾	63 ⁽²⁾	I ⁽²⁾	Granted to spouse of reporting person
Class A Common Stock ⁽²⁾	11/11/2008		D		63	D	$ 17.47	0	I ⁽²⁾	Granted to spouse of reporting person
Class A Common Stock ⁽²⁾	11/11/2008		M		104	A	⁽²⁾	104 ⁽²⁾	I ⁽²⁾	Granted to spouse of reporting person
Class A Common Stock ⁽²⁾	11/11/2008		D		104	D	$ 17.47	0	I ⁽²⁾	Granted to spouse of reporting person
Class A Common Stock ⁽²⁾	11/11/2008		M		103	A	⁽²⁾	103 ⁽²⁾	I ⁽²⁾	Granted to spouse of reporting person
Class A Common Stock ⁽²⁾	11/11/2008		D		103	D	$ 17.47	0	I ⁽²⁾	Granted to spouse of reporting person
Class A Common Stock ⁽²⁾	11/11/2008		M		102	A	⁽²⁾	102 ⁽²⁾	I ⁽²⁾	Granted to spouse of reporting person
Class A Common Stock ⁽²⁾	11/11/2008		D		102	D	$ 17.47	0	I ⁽²⁾	Granted to spouse of reporting person

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

⁽³⁾

Class A Common Stock

1,704

Class B Common Stock

⁽³⁾

Class A Common Stock

120,000

Held by Christine L. Standish Delta Trust. ⁽⁴⁾

Class B Common Stock

⁽³⁾

Class A Common Stock

10,700

Held by Christine L. Standish Gift Trust. ⁽⁵⁾

Class B Common Stock

⁽³⁾

Class A Common Stock

151,318

Held by Standish Delta Trust. ⁽⁶⁾

Restricted Stock Units ⁽⁷⁾

⁽⁷⁾

11/11/2008

63 ⁽⁸⁾

11/11/2005⁽⁷⁾⁽⁹⁾

⁽⁷⁾⁽⁹⁾

Class A Common Stock

125 ⁽⁸⁾

⁽⁷⁾

62 ⁽⁸⁾

I ⁽⁷⁾

Granted to Christopher Wilk, husband of reporting person. ⁽⁷⁾

Restricted Stock Units ⁽⁷⁾

⁽⁷⁾

11/11/2008

104 ⁽⁸⁾

11/11/2006⁽⁷⁾⁽¹⁰⁾

⁽⁷⁾⁽¹⁰⁾

Class A Common Stock

312 ⁽⁸⁾

⁽⁷⁾

208 ⁽⁸⁾

I ⁽⁷⁾

Granted to Christopher Wilk, husband of reporting person. ⁽⁷⁾

Restricted Stock Units ⁽⁷⁾

⁽⁷⁾

11/11/2008

103 ⁽⁸⁾

11/11/2007⁽⁷⁾⁽¹¹⁾

⁽⁷⁾⁽¹¹⁾

Class A Common Stock

411 ⁽⁸⁾

⁽⁷⁾

308 ⁽⁸⁾

I ⁽⁷⁾

Granted to Christopher Wilk, husband of reporting person ⁽⁷⁾

Restricted Stock Units ⁽⁷⁾

⁽⁷⁾

11/11/2008

102 ⁽⁸⁾

11/11/2008⁽⁷⁾⁽¹²⁾

⁽⁷⁾⁽¹²⁾

Class A Common Stock

508 ⁽⁸⁾

⁽⁷⁾

406 ⁽⁸⁾

I ⁽⁷⁾

Granted to Christopher Wilk, husband of reporting person. ⁽⁷⁾

Reporting Owners

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

Signatures

Kathleen M. Tyrrell, Attorney-in-Fact		11/13/2008
^**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)	Owned by Christopher Wilk, husband of reporting person. Ms. Standish disclaims beneficial ownership of these shares.
(2)	Deemed acquisition and disposition to the issuer of shares of stock underlying Restricted Stock Units granted to Christopher Wilk, husband of reporting person, upon automatic vesting and cash settlement of such Units (see footnote 7). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
(3)	Convertible, on a share-for-share basis, into shares of the Company's Class A Common Stock.
(4)	Held by the Christine L. Standish Delta Trust. Ms. Standish disclaims beneficial ownership of such shares.
(5)	Held by the Christine L. Standish Gift Trust. Ms. Standish disclaims beneficial ownership of such shares.
(6)	Held by Standish Delta Trust, a trust of which Ms. Standish is a beneficiary and as to which she shares voting and investment power.
(7)	Restricted Stock Units granted to Christopher Wilk, husband of reporting person, 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. Ms. Standish disclaims beneficial ownership of such stock units.
(8)	Includes dividend units accrued on Restricted Stock Units on January 8, 2008, April 7, 2008, July 8, 2008 and October 7, 2008.
(9)	60 Restriced Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2005.
(10)	100 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2006.
(11)	100 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2007.
(12)	100 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2008.

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