GRAFTECH INTERNATIONAL LTD. - Form 8-K Summary
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by GrafTech International Ltd. on June 15, 2009. The report discloses the adoption of Rule 10b5-1 trading plans by specific company officers and a director.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on insider trading plan disclosures and does not contain financial performance data.
Material Changes
On June 15, 2009, the following individuals entered into written sales plans (10b5-1 Plans) to comply with Rule 10b5-1 under the Securities Exchange Act of 1934:
- Craig S. Shular (Chairman, CEO, and President)
- Hermanus L. Pretorius (President, Engineered Solutions segment)
- Mary B. Cranston (Director)
These plans apply only to stock options expiring on or before February 28, 2010. They provide for the exercise of options subject to minimum price thresholds and the contemporaneous sale of the resulting shares on the open market.
Holdings and Plan Details
| Individual | Options Covered by Plan | Options Not Covered | Common Stock Holdings |
|---|---|---|---|
| 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 |
Options not covered by these plans expire between December 2010 and 2017. The company does not undertake to report future 10b5-1 plans or modifications except as required by law.
Investor Verification Checklist
- Verify the specific minimum price thresholds set within the 10b5-1 plans, as these are not disclosed in this filing.
- Monitor future filings for the actual execution of sales under these plans.
- Review the company's most recent 10-Q or 10-K for financial performance metrics, as this 8-K contains no financial data.
- Confirm the expiration dates of the remaining 540,980 stock options held by these insiders that are not subject to the trading plan.