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
Weaver, Stephen D.
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
5/31/00
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)
Senior Vice President & General Manager - Electrodes and Graphite Specialties
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>
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
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)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock, $.01 par va| | | | | | |8,403 (5) |D | |
lue | | | | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
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)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Optio|$13.9375| | | | | |(1) |7/31/|Common Stock| | |20,000 |D | |
n (Right to Buy) | | | | | | | |09 | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Optio|$3.5625 |5/1/0|A | |9,000 |A |(6) |5/1/1|Common Stock| | |9,000 |D | |
n (Right to Buy) | |0 | | | | | |0 | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Optio|$15.75 | | | | | |(2) |7/31/|Common Stock| | |6,000 |D | |
n (Right to Buy) | | | | | | | |06 | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Optio|$22.375 | | | | | |(2) |4/1/0|Common Stock| | |15,000 |D | |
n (Right to Buy) | | | | | | | |7 | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Optio|$5.53125| | | | | |(4) |2/28/|Common Stock| | |16,000 |D | |
n (Right to Buy) | | | | | | | |10 | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Optio|$21.5312| | | | | |(3) |7/31/|Common Stock| | |15,000 |D | |
n (Right to Buy) |5 | | | | | | |08 | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | | | | | | | | | |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1) Options vest and become exercisable as follows: One third as of July 31,
2000; One third as of July 31, 2001; and One third as of July 31, 2002.
(2) Options are fully vested and
exercisable.
(3) Options vest and become exercisable as follows: One third as of July 31,
1999; One third as of July 31, 2000; and One third as of July 31, 2001.
(4) Options vest and become exercisable as follows: One third as of February
28, 2001; One third as of February 28, 2002; and One third as of February 28,
2003.
(5) Balance includes exempt, non-discretionary purchases of shares within the
Company's 401k plan.
(6) Options vest and become exercisable at a rate of one-third on each of May
1, 2001, 2002 and 2003.
SIGNATURE OF REPORTING PERSON
Filed by EDGAR -- Manual signature maintained by the Company
DATE
June 12, 2000