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
Beling, Luiz
39 Old Ridgebury Rd., J-4
Danbury, CT 06817-0001
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 - International Specialty Business
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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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 | | | | | | |812 |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>
Performance option (ri|$7.60 | | | | | |(2) |1/25/|Common Stock| | |10,472(2) |D | |
ght to buy) | | | | | | | |07 |, par value | | | | | |
| | | | | | | | | $.01 per sh| | | | | |
| | | | | | | | |are | | | | | |
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Time option (right to |$35.00 | | | | | |(3) |2/8/0|Common Stock| | |5,000(3) |D | |
buy) | | | | | | | |6 |, par value | | | | | |
| | | | | | | | |$.01 per sha| | | | | |
| | | | | | | | |re | | | | | |
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Time option (right to |$17.0625|9/29/|A | |50,000 |A |(4) |9/28/|Common Stock|50,000 | |50,000(4) |D | |
buy) | |98 | | | | | |08 |, par value | | | | | |
| | | | | | | | |$.01 per sha| | | | | |
| | | | | | | | |re | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) Represents the number of units attributable to the Reporting Person's
participation in the Company Discount Stock Fund option of the UCAR Carbon
Savings
Plan.
(2) Such options became exercisable on December 8, 1997. In addition, the
Reporting Person has been granted performance options for 10,472
shares which will become exercisable in January 2000 if certain earnings-based
financial targets are met or exceeded in 1999.
(3) Such options 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 9,
2004.
(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 Luiz Beling
DATE
October 9, 1998