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Quotes & Info
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| GTI > SEC Filings for GTI > Form 8-K on 15-Jun-2009 | All Recent SEC Filings |
15-Jun-2009
Other Events
On June 15, 2009, each of Craig S. Shular, Chairman, Chief Executive Officer, and President of GrafTech International Ltd., Hermanus L. Pretorius, President of GrafTech's Engineered Solutions business segment (the "Officers"), and Mary B. Cranston, Director ("Director"), entered into a written sales plan intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934 (each a "10b5-1 Plan").
Each 10b5-1 Plan was implemented because of the short duration remaining on the stock options covered by the 10b5-1 Plan and apply only to stock options that would otherwise expire by their terms on or before February 28, 2010. The Plans do not cover any other stock options or common stock interests that the Officers or Director otherwise hold. The 10b5-1 Plans also provide for the contemporaneous sales of shares of GrafTech's common stock issued as a result of such exercises. For each of the 10b5-1 Plans the options will be exercised, subject to the attainment of certain minimum price thresholds, at their stated exercise price and the shares issued will be sold under the plan on the open market at then prevailing prices.
The Officers' and Director's stock options not covered by the 10b5-1 Plans expire between December 2010 and 2017. The Officers' and Director's other holdings include GrafTech stock that they purchased, as well as vested and unvested restricted stock, performance shares, and stock options issued pursuant to incentive plans approved by GrafTech's stockholders.
As of the date hereof, the Officers' and Director's holdings are as follows:
Common Stock
Stock Options Stock Options Holdings Not
Covered by Not Covered by Covered by
Trading Plan Trading Plan Trading Plan
Craig S. Shular 30,000 487,000 525,353
Hermanus L. Pretorius 10,000 12,500 68,933
Mary B. Cranston 8,051 41,480 54,554
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GrafTech does not undertake to report Rule 10b5-1 plans that may be adopted by any employees, officers or directors of GrafTech in the future or to report any modifications or termination of any publicly announced 10b5-1 plans except to the extent required by law.
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