GRAFTECH INTERNATIONAL LTD — Director's Dealing 2010

Jul 19, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAFTECH INTERNATIONAL LTD (GTI)
CIK: 0000931148
Period of Report: 2010-07-15

Reporting Person: SHAWLEY STEVEN R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-07-15	Common Stock	A	1237	—	Acquired	4526	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Time Options (right to buy)	$15.06	2020-05-20	Common Stock (5000)	5000	Direct

Footnotes

F1: The reporting person has elected, pursuant to the Company's equity compensation plans, to receive deferred shares of common stock in lieu of cash for payment of director fees.

F2: Subject to the terms of the applicable award agreement, such options shall vest so long as the reporting person is still a director on such date.

F3: Options expire on such date unless reporting person ceases to be a director, in which event options expire fours years from the date reporting person's directorship ends.