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GRAFTECH INTERNATIONAL LTD — Director's Dealing 2010
Mar 17, 2010
33189_dirs_2010-03-17_9a65608f-cf21-40dd-9951-7bc6aacd65e8.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GRAFTECH INTERNATIONAL LTD (GTI)
CIK: 0000931148
Period of Report: 2010-03-15
Reporting Person: CRANSTON MARY B (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-03-15 | Common Stock | S | 27000 | $12.86 | Disposed | 31182 | Direct |
| 2010-03-16 | Common Stock | M | 1050 | $8.57 | Acquired | 1050 | Direct |
| 2010-03-16 | Common Stock | S | 1050 | $13.00 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-03-16 | Time options (right to buy) | $8.57 | M | 1050 | Disposed | 2010-12-15 | Common Stock (1050) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Time options (right to buy) | $8.57 | 2010-12-15 | Common Stock (5840) | 5840 | Direct |
| Time options (right to buy) | $8.57 | 2010-12-15 | Common Stock (2100) | 2100 | Direct |
| Time options (right to buy) | $8.85 | 2011-09-25 | Common Stock (2040) | 2040 | Direct |
| Time options (right to buy) | $10.70 | 2012-01-01 | Common Stock (6200) | 6200 | Direct |
| Time options (right to buy) | $10.77 | 2012-03-01 | Common Stock (1300) | 1300 | Direct |
| Time options (right to buy) | $5.15 | 2013-01-14 | Common Stock (12800) | 12800 | Direct |
| Time options (right to buy) | $13.37 | 2014-01-15 | Common Stock (3500) | 3500 | Direct |
Footnotes
F1: On March 15, 2010, the Reporting Person sold 27,000 shares of GrafTech Common Stock. The shares represent a portion of shares that were previously paid as director's compensation, including shares issued at the Reporting Person's election to receive shares in lieu of cash for director's fees. The sale was effected pursuant to the Reporting Person's investment diversification strategy.
F2: Effective March 15, 2010, the Reporting Person entered into a written Rule 10b5-1 sales plan covering stock options that otherwise expire in December 2010. Under the Rule 10b5-1 sales plan, these options were exercised automatically and the respective shares were sold automatically based on the stock price reaching a pre-set target price.
F3: All such options have fully vested and became exercisable.