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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SILVA CHARLES J JR
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)
VP-General Counsel & Secretary
(Last)          (First)          (Middle)

C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

3/1/2017
(Street)

ROCHESTER, NH 03867
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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                  7394   I   by 401(k)  
Class A Common Stock   (1) 3/1/2017     M    859   A $0   (1) 859   (1) D   (1)
 
Class A Common Stock   (1) 3/1/2017     D    859   D $47.44   0   D   (1)
 
Class A Common Stock   (1) 3/1/2017     M    662   A $0   (1) 662   (1) D   (1)
 
Class A Common Stock   (1) 3/1/2017     D    662   D $47.44   0   D   (1)
 
Class A Common Stock   (1) 3/1/2017     M    470   A $0   (1) 470   (1) D   (1)
 
Class A Common Stock   (1) 3/1/2017     D    470   D $47.44   0   D   (1)
 
Class A Common Stock   (1) 3/1/2017     M    603   A $0   (1) 603   (1) D   (1)
 
Class A Common Stock   (1) 3/1/2017     D    603   D $47.44   0   D   (1)
 
Class A Common Stock   (1) 3/1/2017     M    747   A $0   (1) 747   (1) D   (1)
 
Class A Common Stock   (1) 3/1/2017     D    747   D $47.44   0   D   (1)
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Phantom Stock Units   (2)   (2) 3/1/2017     M         858    3/1/2013   (2) (3)   (2) (3) Class A Common Stock   858   $0   (2) 0   D  
 
Phantom Stock Units   (4)   (4) 3/1/2017     M         662    3/1/2014   (4) (5)   (4) (5) Class A Common Stock   1324   $0   (4) 662   D  
 
Phantom Stock Units   (6)   (6) 3/1/2017     M         470    3/1/2015   (6) (7)   (6) (7) Class A Common Stock   1408   $0   (6) 938   D  
 
Phantom Stock Units   (8)   (8) 3/1/2017     M         603    3/1/2016   (8) (9)   (8) (9) Class A Common Stock   2411   $0   (8) 1808   D  
 
Phantom Stock Units   (10)   (10) 3/1/2017     M         747    3/1/2017   (10) (11)   (10) (11) Class A Common Stock   3733   $0   (10) 2986   D  
 

Explanation of Responses:
( 1)  Deemed acquisition and disposition to the issuer of shares of stock underlying Phantom Stock Units upon automatic vesting and cash settlement of such Units (see footnotes 2, 4, 6, 8 and 10). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
( 2)  Phantom Stock Units granted on February 14, 2013 pursuant to the Albany International Corp. 2011 Performance Phantom Stock Plan (the "Phantom Stock Plan"). Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
( 3)  859 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2013.
( 4)  Phantom Stock Units granted on February 28, 2014 pursuant to the Phantom Stock Plan. Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
( 5)  662 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2014.
( 6)  Phantom Stock Units granted on February 27, 2015 pursuant to the Phantom Stock Plan. Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
( 7)  470 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2015.
( 8)  Phantom Stock Units granted on February 25, 2016 pursuant to the Phantom Stock Plan. Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
( 9)  603 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2016.
( 10)  Phanton Stock Units granted on February 23, 2017 pursuant to the Phantom Stock Plan. Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
( 11)  747 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2017.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SILVA CHARLES J JR
C/O ALBANY INTERNATIONAL CORP.
216 AIRPORT DRIVE
ROCHESTER, NH 03867


VP-General Counsel & Secretary

Signatures
Kathleen M. Tyrrell, Attorney-in-Fact 3/2/2017
** 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 control number.
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