U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Baldwin, James G.
One Gateway Center
19th Floor
Pittsburgh, PA 15222
2. Issuer Name and Ticker or Trading Symbol
The Carbide/Graphite Group, Inc.
CGGI
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
August, 1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock, $.01 par va| | | | | | |40,000 |D | |
lue | | | | | | | | | |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Options (Right|$3.50 | | | | | |9/13/|8/26/|Common Stock| | |35,000 |D | |
to Buy) | | | | | | |95 |01 | | | | | | |
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Stock Options (Right|$18.25 |8/26/|A | |1,700 |A |7/31/|8/26/|Common Stock|1,700 | |1,700 |D | |
to Buy) (1) | |96 | | | | |97 |06 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) The plan under which these options were granted also provides for the grant
of an additional 1,700 on July 31,
1997 and 1,700 on July 31, 1998, so long as the reporting person continues to
be a director of the Company as of
the grant dates. The plan provides that the exercise price of these options
will be the fair value of the Company's
Common Stock as of the close of business on the date of each respective grant.
The options will expire ten years
from the date of
grant.
SIGNATURE OF REPORTING PERSON
Filed by EDGAR -- Manual signature maintained by Company
DATE
September 9, 1996
