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 *
Madden David B
  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)
Group Vice President
(Last)
(First)
(Middle)
C/O ALBANY INTERNATIONAL CORP., P.O. BOX 1907
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2008
(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)
Code V Amount (A) or (D) Price
Class A Common Stock               2,876 I by 401(k)
Class A Common Stock 03/01/2008   M   648 (1) A $ 0 648 D  
Class A Common Stock (2) 03/01/2008   M   648 A (2) 648 (2) D (2)  
Class A Common Stock (2) 03/01/2008   D   648 D $ 35.05 0 D (2)  
Class A Common Stock (2) 03/01/2008   M   1,621 A (2) 1,621 (2) D (2)  
Class A Common Stock (2) 03/01/2008   D   1,621 D $ 35.05 0 D (2)  

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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (3) $ 19.375               (4) 11/04/2018 Class A Common Stock 1,000   1,000 D  
Employee Stock Option (3) $ 15.6875               (4) 11/09/2019 Class A Common Stock 1,500   2,500 D  
Employee Stock Option (3) $ 10.5625               (4) 11/15/2020 Class A Common Stock 1,200   3,700 D  
Employee Stock Option (3) $ 20.45               (4) 11/06/2021 Class A Common Stock 1,500   5,200 D  
Employee Stock Option (3) $ 20.63               (4) 11/07/2022 Class A Common Stock 1,500   6,700 D  
Restriced Stock Units (5) (5)             11/13/2004(5)(6)   (5)(6) Class A Common Stock 167   167 D  
Restricted Stock Units (5) (5)             11/11/2005(5)(7)   (5)(7) Class A Common Stock 331   331 D  
Restricted Stock Units (5) (5)             11/11/2006(5)(8)   (5)(8) Class A Common Stock 769   769 D  
Restricted Stock Units (9) (9) 03/01/2008   M     1,296   (9)(10)   (9)(10) Class A Common Stock 1,944 (9) 648 D  
Restricted Stock Units (11) (11) 03/01/2008   M     1,621   (11)(12)   (11)(12) Class A Common Stock 6,483 (11) 4,862 D  
Restricted Stock Units (5) (5)             03/01/2011(5)(13)   (5)(13) Class A Common Stock 27,000   27,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Madden David B
C/O ALBANY INTERNATIONAL CORP.
P.O. BOX 1907
ALBANY, NY 12201-1907
      Group Vice President  

Signatures

 Kathleen M. Tyrrell, Attorney-in-Fact   03/03/2008
**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) Shares distributed upon partial settlement of Restricted Stock Units previously granted pursuant to the Albany International Corp. 2005 Incentive Plan (see footnotes 9 and 10).
(2) Deemed acquisition and disposition to the issuer of shares of stock underlying Restricted Stock Units upon automatic vesting and cash settlement of such Units (see footnotes 9 and 11). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
(3) Options granted pursuant to the Company's 1998 Stock Option Plan as incentive to remain in employ of the Company.
(4) Fully exercisable.
(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) 160 Restricted Stock Units (plus related dividend units) vest on each November 13, beginning November 13, 2004.
(7) 160 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2005.
(8) 250 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2006.
(9) Restricted Stock Units granted on February 16, 2007 pursuant to the Albany International Corp. 2005 Incentive Plan (the "Incentive Plan"). Each Restricted Stock Unit award entitles the holder to receive a number of shares of Class A Common Stock, the cash equivalent of such shares, or a combination of cash and shares, in each case in accordance with a settlement schedule.
(10) Reflects settlement (half in cash, half in shares of the Company's Class A Common Stock) of two-thirds of the reported units on or March 1, 2008. The remaining reported units (plus related dividend units) will be settled and payable on or about March 1, 2009, half in cash, half in shares of the Company's Class A Common Stock.
(11) Restricted Stock Units granted on February 15, 2008 pursuant to the Albany International Corp. 2005 Incentive Plan (the "Incentive Plan"). Each Restricted Stock Unit award entitles the holder to receive a number of shares of Class A Common Stock, the cash equivalent of such shares, or a combination of cash and shares, in each case in accordance with a settlement schedule.
(12) Reflects settlement in cash of 25% of the reported units on March 1, 2008. Two-thirds of the remaining reported units (plus related dividend units) will be settled and payable on or about March 1, 2009, and the balance of the remaining reported units (plus related dividend units) will be settled and payable on our about March 1, 2010. Each of the 2009 and 2010 payments will be half in cash, half in shares of the Company's Class A Common Stock.
(13) 6,750 Restricted Stock Units (plus related dividend units) vest on March 1, 2011; 6,750 Restricted Stock Units (plus related dividend units) vest on September 1, 2011; 6,750 Restricted Stock Units (plus related dividend units) vest on March 1, 2012; and 6,750 Restricted Stock Units (plus related dividend units) vest on September 1, 2012.

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