Sec Form 4 Filing - DEGASPERIS CORRADO F @ GRAFTECH INTERNATIONAL LTD - 2005-10-17

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person DEGASPERIS CORRADO F 2. Issuer Name and Ticker or Trading Symbol GRAFTECH INTERNATIONAL LTD [ GTI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Vice President, CFO and CIO (Last) (First) (Middle) C/O GRAFTECH INTERNATIONAL LTD., 1521 CONCORD PIKE, SUITE 301 3. Date of Earliest Transaction (MM/DD/YY) 10/17/2005 (Street) WILMINGTON,, DE19803 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 11,374 D Common Stock 10/17/2005 J V 338 A $ 4.76 35,498 I By Savings Plan. ( 1 ) Common Stock 10/31/2005 J V 317 A $ 4.69 35,815 I By Savings Plan. ( 2 ) Common Stock 39,662 I By Compensation Deferral Plan. ( 3 ) Common Stock 11,500 I By Spouse. Common Stock 50,000 D ( 4 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 Time options (right to buy) $ 29.2219 07/14/2000 01/25/2007 Common Stock 21,000 21,000 D Time options (right to buy) $ 17.0625 ( 5 ) 09/29/2008 Common Stock 75,000 75,000 D Time options (right to buy) $ 14 02/28/2005 02/28/2010 Common Stock 30,000 30,000 D Time options (right to buy) $ 8.56 12/15/2002 12/15/2010 Common Stock 60,000 60,000 D Time options (right to buy) $ 8.85 ( 6 ) 09/25/2011 Common Stock 57,500 57,500 D Stock options (right to buy) $ 6.56 ( 7 ) 12/31/2008 Common Stock 200,000 200,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other DEGASPERIS CORRADO F C/O GRAFTECH INTERNATIONAL LTD. 1521 CONCORD PIKE, SUITE 301 WILMINGTON,, DE19803 Vice President, CFO and CIO Signatures /s/Karen G. Narwold , Attorney-in-fact for Corrado F. De Gasperis 11/02/2005 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents the number of units attributable to the reporting person's participation through automatic payroll deductions and Company matching contributions in the Company Stock Fund option of the UCAR Carbon Savings Plan. The 338 units reported in this transaction correspond to 324 shares of Common Stock at a price of $4.97 per share. ( 2 )Represents the number of unit attributable to the reporting person's participation through automatic payroll deductions and Company matching contributions in the Company Stock Fund option of the UCAR Carbon Savings Plan. The 317 units reported in this transaction correspond to 303 shares of Common Stock at a price of $4.90 per share. ( 3 )Represents obligations whose value is based on the Common Stock through a contribution, exempt pursuant to Rule 16b-3(f), under the Company's Compensation Deferral Program . The reporting person disclaims beneficial ownership of these securities. ( 4 )Of such shares, granted on August 31, 2005 under the Company's Long Term Incentive Plan, one-third will vest on August 31 of each of 2006, 2007 and 2008. ( 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 annual grant. Of such options, 12,500 vested on September 25, 2001 and 45,000 vested on September 25, 2003. ( 7 )Of such options, one-third vest on March 31, 2006; one-third vest on July 31, 2008 or earlier on March 31, 2006 if certain 2005 performance targets are achieved; and one-third vest on July 31, 2008.

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).

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