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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
GRAFTECH INTERNATIONAL LTD [ GTI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/12/2007 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 | ||||||
Common Stock | 44,674 | D(1) | ||||||||
Common Stock | 50,000 | D(2) | ||||||||
Common Stock | 01/12/2007 | J | V | 92 | A | $6.67 | 3,439 | I | By Savings Plan(3) | |
Common Stock | 01/31/2007 | J | V | 79 | A | $7.74 | 3,518 | I | By Savings Plan(4) | |
Common Stock | 02/15/2007 | J | V | 79 | A | $7.79 | 3,597 | I | By Savings Plan(5) | |
Common Stock | 02/28/2007 | J | V | 81 | A | $7.53 | 3,678 | I | By Savings Plan(6) | |
Common Stock | 03/15/2007 | J | V | 76 | A | $8.1 | 3,754 | I | By Savings Plan(7) | |
Common Stock | 03/30/2007 | J | V | 70 | A | $8.65 | 3,824 | I | By Savings Plan(8) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 | ||||||||
Time options (right to buy) | $5.46 | 04/01/2007 | 04/01/2015 | Common Stock | 100,000 | 100,000 | D | ||||||||
Time options (right to buy) | $17.06 | (9) | 09/29/2008 | Common Stock | 66,000 | 66,000 | D | ||||||||
Time options (right to buy) | $8.56 | 12/15/2002 | 12/10/2010 | Common Stock | 60,000 | 60,000 | D | ||||||||
Time options (right to buy) | $6.56 | (10) | 12/31/2008 | Common Stock | 100,000 | 100,000 | D | ||||||||
Time options (right to buy) | $8.85 | 09/25/2003 | 09/25/2011 | Common Stock | 45,000 | 45,000 | D |
Explanation of Responses: |
1. Such shares are the remaining portion of 50,000 shares granted on August 31, 2005 under the Company's Long Term Incentive Plan, one-third of which vested on August 31, 2006. The remaining two-thirds will vest on each of August 31, 2007 and 2008. 5,326 of the 16,667 shares that vested on August 31, 2006 were sold by the issuer on behalf of the reporting person to pay withholding taxes due upon such vesting. Such shares were sold pursuant to a trading plan established under Rule 10b5-1 under the Securities Exchange Act of 1934. |
2. On October 23, 2006, the Company granted 50,000 restricted shares under the Company's Management Long Term Incentive Program, all of which will cliff vest in February 2010, subject to accelerated vesting in equal thirds in February of each of 2008, 2009 and 2010, if certain performance targets are met. |
3. Represents the number of units attributable to the reporting person's participation through Company matching contributions in the Company Stock Fund option of the UCAR Carbon Savings Plan. The 92 units reported in this transaction correspond to 88 shares of Common Stock at a price of $7.00 per share. |
4. Represents the number of units attributable to the reporting person's participation through Company matching contributions in the Company Stock Fund option of the UCAR Carbon Savings Plan. The 79 units reported in this transaction correspond to 75 shares of Common Stock at a price of $8.12 per share. |
5. Represents the number of units attributable to the reporting person's participation through Company matching contributions in the Company Stock Fund option of the UCAR Carbon Savings Plan. The 79 units reported in this transaction correspond to 75 shares of Common Stock at a price of $8.18 per share. |
6. Represents the number of units attributable to the reporting person's participation through Company matching contributions in the Company Stock Fund option of the UCAR Carbon Savings Plan. The 81 units reported in this transaction correspond to 78 shares of Common Stock at a price of $7.90 per share. |
7. Represents the number of units attributable to the reporting person's participation through Company matching contributions in the Company Stock Fund option of the UCAR Carbon Savings Plan. The 76 units reported in this transaction correspond to 72 shares of Common Stock at a price of $8.50 per share. |
8. Represents the number of units attributable to the reporting person's participation through Company matching contributions in the Company Stock Fund option of the UCAR Carbon Savings Plan. The 70 units reported in this transaction correspond to 67 shares of Common Stock at a price of $9.08 per share. |
9. Of such options, 22,000 vested on each of: May 21, 1999, July 14, 1999 and September 29, 1999. |
10. On November 30, 2005, the Company approved, under the terms of the Company's Long Term Incentive Plan, an accelerated vesting date for such options of November 30, 2005. |
Remarks: |
/s/Gary R. Whitaker, Attorney-in-Fact for Petrus J. Barnard | 04/04/2007 | |
** 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 Number. |