U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 4 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(f) of the Investment Company Act of 1940 [_] Check 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* De Gasperis Corrado F. -------------------------------------------------------------------------------- (Last) (First) (Middle) c/o GrafTech International Ltd. 1521 Concord Pike Suite 301 -------------------------------------------------------------------------------- (Street) Wilmington DE 19803 -------------------------------------------------------------------------------- (City) (State) (Zip) USA ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol GrafTech International Ltd. GTI ________________________________________________________________________________ 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) ________________________________________________________________________________ 4. Statement for Month/Year 09/30/2002 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) ________________________________________________________________________________ 6. Relationship of Reporting Person to Issuer (Check all applicable) [_] Director [_] 10% Owner [X] Officer (give title below) [_] Other (specify below) Vice President, Chief Financial Officer & Chief Information Officer ________________________________________________________________________________ 7. Individual or Joint/Group Filing (Check applicable line) [X] Form filed by one Reporting Person [_] Form filed by more than one Reporting Person ________________________________________________________________________________ ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================ 6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 3. Disposed of (D) Securities Form: 7. Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of 2. Code ------------------------------- Owned at End (D) or Indirect 1. Transaction (Instr. 8) (A) of Month Indirect Beneficial Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 11,374 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 7,203 I (1) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 9,023 I (2) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 9/30/02 A 217 A $8.82 11,361 I (3) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 4,500 I (4) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== 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). Page 1 of 2 (Over) SEC 1474(7-96) FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================ 10. 9. Owner- Number ship of Form 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature or Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ity: In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene- 1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock par value Time options $.01 per (right to buy) $29.2219 7/14/00 1/25/07 share 21,000 21,000 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock par value Time options $.01 per (right to buy) $17.0625 (5) 9/29/08 share 75,000 75,000 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock par value Time options $.01 per (right to buy) $14.00 2/28/05 2/28/10 share 30,000 30,000 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock par value Time options $.01 per (right to buy) $8.56 12/15/02 12/15/10 share 60,000 60,000 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock par value Time options $.01 per (right to buy) $8.85 (6) 9/25/11 share 57,500 57,500 D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== Explanation of Responses: (1) Represents the number of units attributable to the reporting person's participation in the Company Stock Fund option of the UCAR Carbon Savings Program. The amount of units reported is given as of the last business day of the month preceding the transaction(s) reported in this filing. (2) Represents the number of units attributable to the reporting person's participation through automatic payroll deductions in the Company Discount Stock Fund option of the UCAR Carbon Savings Program. The amount of units reported is given as of the last business day of the month preceding the transaction(s) reported in this filing. (3) Represents obligations whose value is based on the Common Stock under the Company's Compensation Deferral Program. The reporting person disclaims beneficial ownership of these securities. The deemed execution date for this transaction is October 2, 2002. (4) Represents shares purchased for the account of the reporting person's spouse. (5) Of such options, 25,000 vested on each of May 21, 1999, July 14, 1999 and September 29, 1999. (6) Options were granted as part of an annual grant. Of such options, 12,500 vested on September 25, 2001 and 45,000 will vest on September 25, 2003. /s/ Karen G. Narwold October 2, 2002 --------------------------------------------- ----------------------- **Signature of Reporting Person Date Karen G. Narwold, Attorney-in-fact for Corrado F. De Gasperis **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 provided is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. Page 2 Page 2 of 2 SEC 1474(7-96)