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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person * SHULAR CRAIG S   2. Issuer Name and Ticker or Trading Symbol GRAFTECH INTERNATIONAL LTD [GTI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) __X__ Other (specify below) Former Executive Chairman (Last) (First) (Middle) C/O GRAFTECH INTERNATIONAL LTD., 12900 SNOW ROAD 3. Date of Earliest Transaction (Month/Day/Year) 05/15/2014 (Street) PARMA, OH 44130 4. If Amendment, Date Original Filed(Month/Day/Year) 6. 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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership 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 05/15/2014   M   300,000 A $ 9.05 300,000 D   Common Stock 05/15/2014   S   300,000 D $ 10.15 0 D (1)   Common Stock 05/15/2014   F   7,893 D $ 10.49 15,774 D (2)   Common Stock               13,111 D (3)   Common Stock 05/15/2014   F   8,671 D $ 10.49 32,313 D (4)   Common Stock               57,785 D (5)   Common Stock 05/15/2014   F   5,781 D $ 10.49 30,549 D (6)   Common Stock               53,668 D (7)   Common Stock               521,969 D (8)   Common Stock               36,242 I By Savings Plan (9) Common Stock               46,372 I By Compensation Deferral Plan (10)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

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

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

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

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

8. Price of Derivative Security (Instr. 5)

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

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

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

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Options (right to buy)

$ 9.05

05/15/2014

M

300,000

(11)

04/02/2017

Common Stock

300,000

$ 0

0

D

Stock Options (right to buy)

$ 16.41

(11)

05/15/2017

Common Stock

56,000

56,000

D

Stock Options (right to buy)

$ 19.89

(11)

05/15/2017

Common Stock

48,000

48,000

D

Stock Options (right to buy)

$ 13.89

(12)

05/15/2017

Common Stock

104,000

104,000

D

Stock Options (right to buy)

$ 9.51

(13)

05/15/2017

Common Stock

69,333

69,333

D

Stock Options (right to buy)

$ 11.56

(14)

05/15/2017

Common Stock

31,667

31,667

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
SHULAR CRAIG S C/O GRAFTECH INTERNATIONAL LTD. 12900 SNOW ROAD PARMA, OH 44130				Former Executive Chairman

Signatures

/s/John D. Moran, Attorney-in-Fact for Craig S. Shular		05/19/2014
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The reporting person retired from the Issuer on May 15, 2014 and exercised and sold certain stock options that otherwise would have expired upon such retirement.
(2)	On November 21, 2013, the Company granted 71,000 restricted shares under the Company's 2005 Equity Incentive Plan. One-third of the restricted shares were to vest on each of December 3, 2014, 2015, and 2016. The reporting person retired effective May 15, 2014. Vesting of certain restricted shares was accelerated and 47,333 restricted shares were forfeited as a result of retirement. 7,893 shares of the 23,667 shares that vested were withheld to cover withholding taxes due upon vesting. The holdings are net of shares withheld, or sold under a Rule 10b5-1 trading plan, to cover withholding taxes.
(3)	On November 21, 2013, the Company granted 118,000 performance shares under the Company's 2005 Equity Incentive Plan, which represent the right to receive shares contingent upon the achievement of performance measures over a 3-year performance period. Shares that are earned upon the attainment of the applicable performance targets vest on March 31, 2017. The ultimate number of shares earned is subject to adjustment based on actual peformance. The reporting person retired effective May 15, 2014. 104,889 performance shares were forfeited as a result of retirement.
(4)	On November 27, 2012, the Company granted 78,000 restricted shares under the Company's 2005 Equity Incentive Plan. One-third of the restricted shares vested on November 27, 2013, and one-third were to vest on each of November 27, 2014, and 2015. The reporting person retired effective May 15, 2014. Vesting of certain restricted shares was accelerated and 26,000 restricted shares were forfeited as a result of retirement. 8,671 shares of the 26,000 shares that vested were withheld to cover withholding taxes due upon vesting. The holdings are net of shares previously withheld, or sold under a Rule 10b5-1 trading plan, to cover withholding taxes.
(5)	On November 27, 2012, the Company granted 130,000 performance shares under the Company's 2005 Equity Incentive Plan, which represent the right to receive shares contingent upon the achievement of performance measures over a 3-year performance period. Shares that are earned upon the attainment of the applicable performance targets vest on March 31, 2016. The ultimate number of shares earned is subject to adjustment based on actual peformance. The reporting person retired effective May 15, 2014. 72,215 performance shares were forfeited as a result of retirement.
(6)	On December 13, 2011, the Company granted 52,000 restricted shares under the Company's 2005 Equity Incentive Plan. One-third of the restricted shares vested December 13 of each of 2012 and 2013, and one-third was to vest on December 13, 2014. The reporting person retired effective May 15, 2014. Vesting of certain restricted shares was accelerated as a result of retirement. 5,781 shares of the 17,333 shares that vested were withheld to cover withholding taxes due upon vesting. The holdings are net of shares previously withheld, or sold under a Rule 10b5-1 trading plan, to cover withholding taxes.
(7)	On December 13, 2011, the Company granted 69,000 performance shares under the Company's 2005 Equity Incentive Plan, which represent the right to receive shares contingent upon the achievement of performance measures over a 3-year performance period. Shares that are earned upon the attainment of the applicable performance targets vest on March 31, 2015. The ultimate number of shares earned is subject to adjustment based on actual peformance. The reporting person retired effective May 15, 2014. 15,332 performance shares were forfeited as a result of retirement.
(8)	On December 9, 2010, the Company granted 32,000 performance shares under the Company's 2005 Equity Incentive Plan, which represented the right to receive shares contingent upon the achievement of performance measures over a 3-year performance period. Shares earned upon the attainment of the applicable performance targets would have vested on March 31, 2014. These performance shares were forfeited.
(9)	Represents the number of units attributable to the reporting person's participation in the Company Stock Fund option of the GrafTech International Holdings Inc. Savings Plan.
(10)	Represents obligations whose value is based on the Common Stock through a contribution, exempt pursuant to Rule 16b-3(c), under the Company's Compensation Deferral Program. The reporting person disclaims beneficial ownership of these securities.
(11)	All such options have fully vested.
(12)	On December 13, 2011, the Company granted 104,000 stock options under the Company's 2005 Equity Incentive Plan. The options were to vest in equal thirds on December 13 of each of 2012, 2013 and 2014. The vested portions of such options will become exercisable upon vesting. The reporting person retired effective May 15, 2014. Vesting of certain stock options was accelerated.
(13)	On November 27, 2012, the Company granted 104,000 stock options under the Company's 2005 Equity Incentive Plan. The options were to vest in equal thirds on November 27 of each of 2013, 2014 and 2015. The vested portions of such options will become exercisable upon vesting. The reporting person retired effective May 15, 2014. Vesting of certain stock options was accelerated and 34,667 stock options were forfeited as a result of retirement.
(14)	On November 21, 2013, the Company granted 95,000 stock options under the Company's 2005 Equity Incentive Plan. The options were to vest in equal thirds on December 3 of each of 2014, 2015 and 2016. The vested portions of such options will become exercisable upon vesting. The reporting person retired effective May 15, 2014. Vesting of certain stock options was accelerated and 63,333 stock options were forfeited as a result of retirement.

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