UCAR INTERNATIONAL INC
4, 1998-10-09
ELECTRICAL INDUSTRIAL APPARATUS
Previous: UCAR INTERNATIONAL INC, 4, 1998-10-09
Next: UCAR INTERNATIONAL INC, 4, 1998-10-09



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
   Pretorius, Hermanus Lambertus
   Avenue du Mont-Blanc 33
   1196 GLAND,   
   SWITZERLAND
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 Electrodes Europe & South Africa
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>
No securities owned        |      |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<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>
Time options (right to|$7.60   |     |    | |           |   |8/9/9|1/25/|Common Stock|       |       |18,906      |D  |            |
 buy)                 |        |     |    | |           |   |5    |07   |, par value |       |       |            |   |            |
                      |        |     |    | |           |   |     |     |$.01 per sha|       |       |            |   |            |
                      |        |     |    | |           |   |     |     |re          |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Performance options (r|$7.60   |     |    | |           |   |(1)  |1/25/|Common Stock|       |       |3,491(1)    |D  |            |
ight to buy)          |        |     |    | |           |   |     |07   |, par value |       |       |            |   |            |
                      |        |     |    | |           |   |     |     |$.01 per sha|       |       |            |   |            |
                      |        |     |    | |           |   |     |     |re          |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Time options (right to|$35.00  |     |    | |           |   |(2)  |2/08/|Common Stock|       |       |10,000(2)   |D  |            |
 buy)                 |        |     |    | |           |   |     |06   |, par value |       |       |            |   |            |
                      |        |     |    | |           |   |     |     |$.01 per sha|       |       |            |   |            |
                      |        |     |    | |           |   |     |     |re          |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Time options (right to|$17.0625|9/29/|A   | |57,000     |A  |(3)  |9/28/|Common Stock|57,000 |       |57,000(3)   |D  |            |
 buy)                 |        |98   |    | |           |   |     |08   |, par value |       |       |            |   |            |
                      |        |     |    | |           |   |     |     |$.01 per sha|       |       |            |   |            |
                      |        |     |    | |           |   |     |     |re          |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
                      |        |     |    | |           |   |     |     |            |       |       |            |   |            |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
(1) Such options became exercisable on December 8, 1997.  In addition, the 
reporting person was granted performance options for 3,490 shares 
which will become exercisable in January 2000 if certain earnings-based 
financial targets are met or exceeded in 1999.
(2) 2,500 of such options became exercisable on May 2, 1996 and 2,500 of such 
options became exercisable on August 28, 1997.  5,000 of 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.
(3) Of such options, (a) 19,000 will vest on September 29, 1999, 19,000 will 
vest when the closing price of the Common Stock is at least $20.50 for 
20 consecutive trading days and 19,000 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, Atty.-in-Fact for Hermanus Pretorius
DATE
October 9, 1998



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission