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GRAFTECH INTERNATIONAL LTD Director's Dealing 2011

Aug 3, 2011

33189_dirs_2011-08-03_50941533-2ff3-43c1-8ef9-2d3d008be2ed.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: 2011-08-01

Reporting Person: NAHL MICHAEL C (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-08-01 Common Stock S 30000 $18.66 Disposed 37584 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Options (right to buy) $8.85 2011-09-25 Common Stock (2940) 2940 Direct
Stock Options (right to buy) $10.70 2012-01-01 Common Stock (6200) 6200 Direct
Stock Options (right to buy) $10.77 2012-03-01 Common Stock (2050) 2050 Direct
Stock Options (right to buy) $5.15 2013-01-14 Common Stock (12800) 12800 Direct
Stock Options (right to buy) $13.37 2014-01-15 Common Stock (3500) 3500 Direct

Footnotes

F1: On August 1, 2011, the Reporting Person sold 30,000 shares of GrafTech Common Stock. The sale was effected pursuant to the Reporting Person's investment diversification strategy. The holdings include shares that were previously paid as director's compensation, including shares purchased under an exercise of stock options, as well as certain open market transactions since becoming a director in 1999. The Reporting Person continues to satisfy the issuer's stock ownership guidelines for directors.

F2: All such options have fully vested and become exercisable.