FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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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). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
GRAFTECH INTERNATIONAL LTD [ GTI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/11/2015 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 | 08/11/2015 | F | 64,770 | D | $5.05 | 71,730 | D(1)(2) | |||
Common Stock | 08/11/2015 | F | 80,569 | D | $5.05 | 146,931 | D(1)(3) | |||
Common Stock | 08/11/2015 | F | 16,039 | D | $5.05 | 29,024 | D(1)(4) | |||
Common Stock | 08/11/2015 | F | 39,621 | D | $5.05 | 43,879 | D(1)(5) | |||
Common Stock | 08/11/2015 | F | 3,891 | D | $5.05 | 7,041 | D(1)(6) | |||
Common Stock | 08/11/2015 | F | 9,728 | D | $5.05 | 10,772 | D(1)(7) | |||
Common Stock | 08/11/2015 | F | 6,327 | D | $5.05 | 24,692 | D(1)(8) | |||
Common Stock | 08/11/2015 | F | 2,057 | D | $5.05 | 8,051 | D(1)(9) | |||
Common Stock | 08/11/2015 | F | 10,107 | D | $5.05 | 11,193 | D(1)(10) | |||
Common Stock | 29,886 | D | ||||||||
Common Stock | 21,176 | I | By Savings Plan(11) | |||||||
Common Stock | 10,520 | I | By Compensation Deferral Plan(12) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Securities Underlying Derivative Security (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: 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) | $16.41 | (13) | 12/10/2019 | Common Stock | 3,500 | 3,500 | D | ||||||||
Stock Options (right to buy) | $19.89 | (13) | 12/09/2020 | Common Stock | 4,000 | 4,000 | D | ||||||||
Stock Options (right to buy) | $13.89 | (13) | 12/10/2021 | Common Stock | 15,000 | 15,000 | D | ||||||||
Stock Options (right to buy) | $9.51 | (14) | 11/27/2022 | Common Stock | 16,700 | 16,700 | D | ||||||||
Stock Options (right to buy) | $11.56 | (14) | 11/21/2023 | Common Stock | 16,400 | 16,400 | D | ||||||||
Stock Options (right to buy) | $10.31 | (14) | 01/29/2024 | Common Stock | 66,600 | 66,600 | D | ||||||||
Stock Options (right to buy) | $4.24 | (14) | 11/19/2024 | Common Stock | 182,000 | 182,000 | D |
Explanation of Responses: |
1. Upon the closing of the Investment Agreement on August 11, 2015. between the Issuer and BCP IV GrafTech Holdings LP, an affiliate of Brookfield Capital Partners Ltd. ("Brookfield") dated May 4, 2015 ("Investment Agreement"), and in accordance with the Company's 2005 Equity Incentive Plan, all then unvested Awards became fully vested and the underlying shares were delivered to the individual subject to applicable withholding taxes. |
2. On November 19, 2014, the Company granted 136,500 restricted shares under the Company's 2005 Equity Incentive Plan, of which would vest in thirds on each of December 3, 2015, 2016, and 2017. Upon the closing of the Investment Agreement, the restricted stock units vested in full. 64,770 of the 136,500 shares that vested August 11, 2015 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 19, 2014, the Company granted 227,500 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 and subject to other provisions of the grant. Upon the closing of the Investment Agreement, the performance share units vested in full. 80,569 of the 227,500 shares that vested August 11, 2015 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. |
4. On January 29, 2014, the Company granted 50,700 restricted shares under the Company's 2005 Equity Incentive Plan, of which would vest in thirds on each of December 3, 2014, 2015 and 2016. Upon the closing of the Investment Agreement, the restricted stock units vested in full. 16,039 of the 33,800 shares that vested August 11, 2015 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 January 29, 2014, the Company granted 83,500 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 and subject to other provisions of the grant. Upon the closing of the Investment Agreement, the performance share units vested in full. 39,621 of the 83,500 shares that vested August 11, 2015 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. |
6. On November 21, 2013, the Company granted 12,300 restricted shares under the Company's 2005 Equity Incentive Plan, of which would vest in thirds on each of December 3, 2014, 2015 and 2016. Upon the closing of the Investment Agreement, the restricted stock units vested in full. 3,891 of the 8,200 shares that vested August 11, 2015 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 November 21, 2013, the Company granted 20,500 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 and subject to other provisions of the grant. Upon the closing of the Investment Agreement, the performance share units vested in full. 9,728 of the 20,500 shares that vested August 11, 2015 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. |
8. On March 1, 2013, the Company granted 40,000 restricted shares under the Company's 2005 Equity Incentive Plan, of which would vest in thirds on each of March 1, 2014, 2015 and 2016. Upon the closing of the Investment Agreement, the restricted stock units vested in full. 6,327 of the 13,333 shares that vested August 11, 2015 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. |
9. On November 27, 2012, the Company granted 13,000 restricted shares under the Company's 2005 Equity Incentive Plan, of which would vest in thirds on each of November 27, 2013, 2014 and 2015. Upon the closing of the Investment Agreement, the restricted stock units vested in full. 2,057 of the 4,333 shares that vested August 11, 2015 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. |
10. On November 27, 2012, the Company granted 21,300 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 and subject to other provisions of the grant. Upon the closing of the Investment Agreement, the performance share units vested in full. 10,107 of the 21,300 shares that vested August 11, 2015 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. |
11. Represents the number of units attributable to the reporting person's participation in the Company Stock Fund of the GrafTech International Savings Plan. |
12. 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. |
13. All such options have fully vested. |
14. All such options have fully vested. Pursuant to the closing of the Investment Agreement, all of the unvested shares subject to the option vested in full upon the closing of the Investment Agreement. |
Remarks: |
/s/John D. Moran, Attorney-in-Fact for Joel L. Hawthorne | 08/13/2015 | |
** Signature of Reporting Person | Date | |
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). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |