GRAFTECH INTERNATIONAL LTD — Director's Dealing 2012

Jul 18, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAFTECH INTERNATIONAL LTD (GTI)
CIK: 0000931148
Period of Report: 2012-07-16

Reporting Person: Milikowsky Nathan (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-07-16	Common Stock	A	3621	$0.00	Acquired	17649	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6269204	Indirect
Common Stock	760760	Indirect
Common Stock	71629	Indirect
Common Stock	77268	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (right to buy)	$19.89	2020-12-09	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: The reporting person disclaims beneficial ownership of such shares, in which his spouse has sole pecuniary interest.

F3: All such options have fully vested and become exercisable.

F4: 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.