David J. Rintoul - 27 May 2021 Form 4 Insider Report for GRAFTECH INTERNATIONAL LTD (EAF)

Role: President and CEO, Director
Signature: /s/ Gina K. Gunning, by power of attorney
Issuer symbol: EAF
Transactions as of: 27 May 2021
Net transactions value: -$1,202,942
Form type: 4
Filing time: 01 Jun 2021, 17:40:31 UTC
Next filing: 02 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EAF	Common Stock	Options Exercise		+102,000	+290%		137,126	27 May 2021	Direct	F1
transaction	EAF	Common Stock	Tax liability	$563,643	-42,830	-31%	$13.16	94,296	27 May 2021	Direct
transaction	EAF	Common Stock	Options Exercise		+69,019	+73%		163,315	27 May 2021	Direct	F1
transaction	EAF	Common Stock	Tax liability	$381,403	-28,982	-18%	$13.16	134,333	27 May 2021	Direct
transaction	EAF	Common Stock	Options Exercise		+46,669	+35%		181,002	27 May 2021	Direct	F1
transaction	EAF	Common Stock	Tax liability	$257,897	-19,597	-11%	$13.16	161,405	27 May 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EAF	Restricted Stock Units	Options Exercise	$0	-102,000	-100%	$0.000000^*	0	27 May 2021	Common Stock	102,000		Direct	F1, F2
transaction	EAF	Restricted Stock Units	Options Exercise	$0	-69,020	-100%	$0.000000^*	0	27 May 2021	Common Stock	69,020		Direct	F1, F3
transaction	EAF	Restricted Stock Units	Options Exercise	$0	-46,669	-100%	$0.000000^*	0	27 May 2021	Common Stock	46,669		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Stock Units (RSUs) convert into shares of EAF common stock on a one-for-one basis.
F2	On March 4, 2021, the reporting person was granted 102,000 RSUs, which also accrue additional RSUs pursuant to dividend equivalent rights based upon the closing price of EAF stock as of the dividend payment date. The RSUs vest in five equal annual installments unless a Change in Control (as defined under the applicable award agreement) occurs, in which case any then-outstanding unvested RSUs immediately vest in full as of the date of such Change in Control. On May 27, 2021, a Change in Control occurred.
F3	On February 25, 2020, the reporting person was granted 85,000 RSUs, which also accrue additional RSUs pursuant to dividend equivalent rights based upon the closing price of EAF stock as of the dividend payment date. The RSUs vest in five equal annual installments unless a Change in Control (as defined under the applicable award agreement) occurs, in which case any then-outstanding unvested RSUs immediately vest in full as of the date of such Change in Control. On May 27, 2021, a Change in Control occurred.
F4	On March 21, 2019, the reporting person was granted 75,000 RSUs, which also accrue additional RSUs pursuant to dividend equivalent rights based upon the closing price of EAF stock as of the dividend payment date. The RSUs vest in five equal annual installments unless a Change in Control (as defined under the applicable award agreement) occurs, in which case any then-outstanding unvested RSUs immediately vest in full as of the date of such Change in Control. On May 27, 2021, a Change in Control occurred.