GRAFTECH INTERNATIONAL LTD — Director's Dealing 2012

Jan 18, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRAFTECH INTERNATIONAL LTD (GTI)
CIK: 0000931148
Period of Report: 2012-01-17

Reporting Person: CRANSTON MARY B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-17	Common Stock	A	5132	—	Acquired	40238	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (right to buy)	$10.77	2012-03-01	Common Stock (1300)	1300	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 January 17, 2012, the Company granted 5,132 restricted shares as an annual grant to non-employee directors, valued at the then current market price of $15.59 per share. Such shares vest on January 17, 2013 unless, with certain exceptions, the reporting person ceases to be a director prior to the vesting date.

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