UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this 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
Damian, Walter E.
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
October 1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Vice President - Human Resources
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<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 valu|10/27/|I | |1,236.01 |A |$11.00 |9,236.01 |D | |
e |98 | | | | | | | | |
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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>
Employee Stock Option|$15.75 | | | | | |(1) |7/31/|Common Stock| | |10,500 |D | |
(Right to Buy) | | | | | | | |06 | | | | | | |
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Employee Stock Option |$22.375 | | | | | |(2) |4/1/0|Common Stock| | |12,000 |D | |
| | | | | | | |7 | | | | | | |
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(Right to Buy) | | | | | | | | | | | | | | |
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Employee Stock Option |$21.5312| | | | | |(3) |7/31/|Common Stock| | |12,000 |D | |
(Right to Buy) |5 | | | | | | |08 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) Options vest and become exercisable as follows: One third (3,500) vested
on July 31, 1997; One third (3,500)
vested
on
July 31, 1998; and One third (3,500) vest on July 31,
1999.
(2) Options vest and become exercisable as follows: One third (4,000) vested
on April 1, 1998; One third (4,000)
vest on
April 1, 1999; and One third (4,000) vest on April 1,
2000.
(3) Options vest and become exercisable as follows: One third (4,000) on July
31, 1999; One third (4,000) on
July 31, 2000; and One third (4,000) on July 31,
2001.
SIGNATURE OF REPORTING PERSON
Filed by EDGAR -- Manual signature maintained by the Company
DATE
November 9, 1998
