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* Freitas Luiz Augusto Barros De (Last) (First) (Middle) C/O GRAFTECH INTERNATIONAL 1521 CONCORD PIKE, SUITE 301 (Street) WILMINGTON DE 19803 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 09/15/2005	3. Issuer Name and Ticker or Trading Symbol GRAFTECH INTERNATIONAL LTD [ GTI ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title below) X Other (specify below) Advanced Graphite Materials	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)
Common Stock	22,771	D(1)
Common Stock	15,000	D(2)

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
Time options (right to buy)	(3)	02/08/2006	Common Stock	6,000	$35	D
Time options (right to buy)	(4)	09/29/2008	Common Stock	6,000	$17.06	D
Time options (right to buy)	(5)	12/31/2008	Common Stock	35,000	$6.56	D

Explanation of Responses:

1. On May 25, 2005, the Company granted 22,771 restricted shares, valued at the then current market price of $3.80 per share, subject to a two-year cliff vesting period.

2. On August 31, 2005, the Company granted 15,000 restricted shares, valued at the then current market price of $5.94 per share, under the Company's Long Term Incentive Plan, of which one-third will vest on August 31 of each of 2006, 2007, and 2008.

3. Of such options, 2,000 vested on August 28, 1997, and 4,000 vested on February 8, 2004.

4. Of such options, 2,000 vested on each of May 21, 1999, July 14, 1999, and September 29, 1999.

5. Such options will vest on July 31, 2008 or earlier on March 31, 2006 if certain cash flow performance targets are achieved in each of 2003, 2004 and 2005 under the Company's Long Term Incentive Plan. For each year that such targets are achieved, one-third of the options granted will vest on March 31, 2006. If not previously exercised, these options will expire on December 31, 2008. 11,666 of such options will vest on March 31, 2006.

Remarks:

	/s/Karen G. Narwold, Attorney-in-fact for Luiz A. Freitas	09/26/2005
	** 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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