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*
PULVER KENNETH C
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice President
3. Date of Earliest Transaction (Month/Day/Year)
11/25/2003
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 3,410 I By 401(k)
Class A Common Stock 4,939 I By ESOP
Class A Common Stock 11/25/2003 M 10,000 A $16.75 10,000 D
Class A Common Stock 11/25/2003 M 2,000 A $22.25 12,000 D
Class A Common Stock 11/25/2003 M 2,000 A $22.25 14,000 D
Class A Common Stock 11/25/2003 M 2,000 A $19.75 16,000 D
Class A Common Stock 11/25/2003 M 2,000 A $19.375 18,000 D
Class A Common Stock 11/25/2003 S 18,000 D $29.8453 0 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
Employee Stock Option(1) $16.75 11/25/2003 M 10,000 05/01/1991(2) 05/01/2010 Class A Common 0 (1) 0 D
Employee Stock Option(3) $22.25 11/25/2003 M 2,000 05/18/1996(2) 05/18/2015 Class A Common 0 (3) 0 D
Employee Stock Option(3) $22.25 11/25/2003 M 2,000 05/14/1997(2) 05/14/2016 Class A Common 0 (3) 0 D
Employee Stock Option(3) $19.75 11/25/2003 M 2,000 04/15/1998(2) 04/15/2017 Class A Common 0 (3) 0 D
Employee Stock Option(3) $19.375 11/25/2003 M 2,000 11/04/1999(2) 11/04/2018 Class A Common 0 (3) 0 D
Employee Stock Option(4) $15.6875 11/09/2000(5) 11/09/2019 Class A Common 2,000 2,000 D
Employee Stock Option(4) $10.5625 11/15/2001(6) 11/15/2020 Class A Common 1,500 3,500 D
Employee Stock Option(4) $20.45 11/06/2002(7) 11/06/2021 Class A Common 2,000 5,500 D
Employee Stock Option(4) $20.63 11/07/2003(8) 11/07/2022 Class A Common 2,000 7,500 D
Restricted Stock Units(9) (10) (10) (10) Class A Common Stock 600 600 D
Explanation of Responses:
1. Option granted pursuant to Company's 1988 Stock Option Plan as incentive to remain in employ of Company.
2. Fully exercisable.
3. Option granted pursuant to Company's 1992 Stock Option Plan as incentive to remain in employ of Company.
4. Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.
5. Become exercisable as to 400 shares on each November 9, beginning November 9, 2000.
6. Become exercisable as to 300 shares on each November 15, beginning November 15, 2001.
7. Become exercisable as to 400 shares on each November 6, beginning November 6, 2002.
8. Become exercisable as to 400 shares on each November 7, beginning November 7, 2003.
9. Restricted Stock Units granted pursuant to the Albany International Corp. 2003 Restricted Stock Unit Plan (the "Restricted Stock Unit Plan").
10. 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. 120 Restricted Stock Units vest on each November 13, beginning November 13, 2004.
Remarks:
Kenneth C. Pulver 11/26/2003
** 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).
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