SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person* Peters Hartmut (Last) (First) (Middle) C/O ALBANY INTERNATIONAL CORP. P.O. BOX 1907 (Street) ALBANY NY 12201-1907 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 03/01/2005	3. Issuer Name and Ticker or Trading Symbol ALBANY INTERNATIONAL CORP /DE/ [ AIN ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Group Vice President	5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option(1)	11/15/2001(2)	11/15/2020	Class A Common Stock	560	10.5625	D
Employee Stock Option(1)	11/06/2002(3)	11/06/2021	Class A Common Stock	1,400	20.45	D
Employee Stock Option(1)	11/07/2003(4)	11/07/2022	Class A Common Stock	2,100	20.63	D
Restricted Stock Units(5)	11/13/2004(5)(6)	(5)(6)	Class A Common Stock	971	(5)	D
Restricted Stock Units(5)	11/11/2005(5)(7)	(5)(7)	Class A Common Stock	1,203	(5)	D

Explanation of Responses:

1. Options granted pursuant to the Company's 1998 Stock Option Plan as incentive to remain in employ of the Company.

2. Become exercisable as to 560 shares on each November 15, beginning November 15, 2001.

3. Become exercisable as to 700 shares on each November 6, beginning November 6, 2002.

4. Become exercisable as to 700 shaers on each November 7, beginning November 7, 2003.

5. 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.

6. 240 Restricted Stock Units (plus related dividend units) vest on each November 13, beginning November 13, 2004.

7. 240 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2005.

Remarks:

	Hartmut Peters	03/07/2005
	** 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 5 (b)(v).
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