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
Cate, William D.
39 Old Ridgebury Road, J-4
Danbury, CT 06817
2. Issuer Name and Ticker or Trading Symbol
UCAR International Inc.
UCR
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
09/30/1998
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)
Director, Strategic Planning
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 | | | | | | |19,402 |D | |
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Common Stock | | | | | | |12,976 |I |(1) |
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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>
Time option (right to |$7.60 | | | | | |8/9/9|1/25/|Common Stock|90,924 | |90,924 |D | |
buy) | | | | | | |5 |07 |, par value | | | | | |
| | | | | | | | |$.01 per sha| | | | | |
| | | | | | | | |re | | | | | |
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Performance option (ri|$7.60 | | | | | |(2) |1/25/|Common Stock|13,963 | |13,963(2) |D | |
ght to buy) | | | | | | | |07 |, par value | | | | | |
| | | | | | | | |$.01 per sha| | | | | |
| | | | | | | | |re | | | | | |
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Time option (right to |$35.00 | | | | | |(3) |2/8/0|Common Stock|5,000 | |5,000(3) |D | |
buy) | | | | | | | |6 |, par value | | | | | |
| | | | | | | | |$.01 per sha| | | | | |
| | | | | | | | |re | | | | | |
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Time option (right to |$17.0625|9/29/|A | |50,000 |A |(4) |9/28/|Common Share|50,000 | |50,000(4) |D | |
buy) | |98 | | | | | |08 |, par value | | | | | |
| | | | | | | | |$.01 per sha| | | | | |
| | | | | | | | |re | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) Represents the number of units attributable to the reporting person's
participation in the Company stock fund option of The UCAR Carbon Savings
Program.
(2) Performance options with respect to 13,963 shares originally granted on
January 26, 1995 became exercisable by the reporting person on
December 8, 1997 after the Board of Directors authorized immediate vesting of
such shares. In addition, on January 26, 1995 the reporting person
was granted performance options for 13,962 shares which will become exercisable
in January 2000 if certain earning-based financial targets are met
or exceeded in
1999.
(3) 2,500 of such options became exercisable on May 2, 1996 and 2,500 of such
options became exercisable on August 28, 1997. In addition, the
reporting person was granted 5,000 options which will vest upon the earlier of
(i) the date on which the closing price of the Company's Common
Stock has been at least $50 per share for the previous 20 consecutive trading
days or (ii) February 8, 2006.
(4) Of such options, (a) 16,666 will vest on September 29, 1999, 16,667 will
vest when the closing price of the Common Stock is at least $20.50 for
20 consecutive trading days and 16,667 will vest when the closing price of the
Common Stock is at least $24.00 for 20 consecutive trading days or
(b) all options will vest on September 29, 2005, if
earlier.
SIGNATURE OF REPORTING PERSON
/s/ Peter B. Mancino, Attorney-in-Fact for William D. Cate
DATE
October 9, 1998
