Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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Filed By
Romeo and Dye's
Section 16 Filer
www.section16.net

1. Name and Address of Reporting Person*

Hall, John R.

2. Issuer Name and Ticker or Trading Symbol
GrafTech International Ltd. (GTI)

6. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
X Director                                       10% Owner
    Officer (give title below)          Other (specify below)

                                                  

(Last)      (First)     (Middle)

500 Diederich Boulevard
 

3. I.R.S. Identification Number
of Reporting Person,
if an entity (voluntary)

 

4. Statement for
Month/Day/Year
01/14/2003

(Street)

Russell,, KY 41169

5. If Amendment,
Date of Original
(Month/Day/Year)
 		 7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
    Form filed by More than One Reporting Person

(City)     (State)     (Zip)

Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security
(Instr. 3)

2. Trans-
action
Date
(Month/ Day/
Year)

2A. Deemed
Execution
Date,
if any
(Month/Day/
Year)

3. Trans-
action Code
(Instr. 8)

4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 & 5)

5. Amount of
Securities
Beneficially
Owned Follow-
ing Reported Transactions(s)
(Instr. 3 & 4)

6. Owner-
ship Form:
Direct (D)
or Indirect (I)
(Instr. 4)

7. Nature of Indirect
Beneficial Ownership
(Instr. 4)

Code

V

Amount

(A)
or
(D)

Price

Common Stock

 

 

 

 

 

 

 

12,000

D

 
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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FORM 4 (continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security

(Instr. 3)

2. Conver-
sion or
Exercise
Price of Derivative Security

3. Trans-
action Date

(Month/
Day/
Year)

3A. Deemed
Execution
Date,
if any
(Month/
Day/
Year)

4. Trans-
action
Code

(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)

(Instr. 3, 4 & 5)

6. Date Exercisable
and Expiration
Date
(Month/Day/
Year)

7. Title and Amount of Underlying Securities
(Instr. 3 & 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of
Derivative
Securities
Beneficially
Owned
Following
Reported Transaction(s)
(Instr. 4)

10. Owner-
ship Form
of Deriv-
ative
Security:
Direct (D)
or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

V

(A)

(D)

Date Exer-cisable

Expira-
tion
Date

Title

Amount or Number of
Shares

Time options (right to buy)

$32.53

 

 

 

 

 

 

03/30/98

01/25/07

Common Stock

5,000

 

5,000

D

 

Time options (right to buy)

$17.81

 

 

 

 

 

 

01/01/01

01/01/10

Common Stock

3,200

 

3,200

D

 

Time options (right to buy)

$8.57

 

 

 

 

 

 

12/15/01

12/15/10(1)

Common Stock

7,700

 

7,700

D

 

Time options (right to buy)

$8.57

 

 

 

 

 

 

 (2)

12/15/10(3)

Common Stock

5,840

 

5,840

D

 

Time options (right to buy)

$8.57

 

 

 

 

 

 

12/15/00

12/15/10(4)

Common Stock

700

 

700

D

 

Time options (right to buy)

$8.85

 

 

 

 

 

 

09/25/01

09/25/11(5)

Common Stock

1,590

 

1,590

D

 

Time options (right to buy)

$10.70

 

 

 

 

 

 

01/01/03

01/01/12(6)

Common Stock

6,200

 

6,200

D

 

Time options (right to buy)

$10.77

 

 

 

 

 

 

03/01/02

03/01/12(7)

Common Stock

1,120

 

1,120

D

 

Time options (right to buy)

$5.15

01/14/03

 

A

 

12,800

 

01/14/04(8)

01/14/13(9)

Common Stock

12,800

 

12,800

D

 

Explanation of Responses:

(1) Options expire on such date unless reporting person ceases to be a director, in which event options expire four years from date reporting person's directorship ends.
(2) Such options vested ratably over 2001.
(3) See footnote 1.
(4) See footnote 1.
(5) See footnote 1.
(6) See footnote 1.
(7) See footnote 1.
(8) Such options shall vest so long as the reporting person is still a director on such date.
(9) See footnote 1.
  By: /s/ Karen G. Narwold
             Karen G. Narwold, Attorney-in-fact for John R. Hall
**Signature of Reporting Person		 January 16, 2003
Date

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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