UCAR INTERNATIONAL INC
3, 1999-09-27
ELECTRICAL INDUSTRIAL APPARATUS
Previous: FRANKFORT FIRST BANCORP INC, 10-K, 1999-09-27
Next: PUTNAM INVESTMENT FUNDS, NSAR-B, 1999-09-27



UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
   Narwold, Karen G.
   3102 West End Avenue
   Suite 1100
   Nashville, TN  37203
   USA
2. Date of Event Requiring Statement (Month/Day/Year)
   09/15/99
3. IRS or Social Security Number of Reporting Person (Voluntary)

4. Issuer Name and Ticker or Trading Symbol
   UCAR International Inc.
   UCR
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   ( ) Director  ( ) 10% Owner  (X) Officer (give title below) ( ) Other
   (specify below)
   Vice President and General Counsel
6. If Amendment, Date of Original (Month/Day/Year)

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 Beneficially Owned                                                                           |
___________________________________________________________________________________________________________________________________|
1. Title of Security                       |2. Amount of          |3. Ownership    |4. Nature of Indirect                          |
                                           |   Securities         |   Form:        |   Beneficial Ownership                        |
                                           |   Beneficially       |   Direct(D) or |                                               |
                                           |   Owned              |   Indirect(I)  |                                               |
___________________________________________________________________________________________________________________________________|
<S>                                        <C>                    <C>              <C>
Common Stock                               |8,540                 |D               |                                               |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock                               |708                   |I               |(1)                                            |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table II -- Derivative Securitites Beneficially Owned                                                                             |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative   |2.Date Exer-       |3.Title and Amount     |         |4. Conver-|5. Owner-    |6. Nature of Indirect      |
  Security              |  cisable and      |  of Underlying        |         |sion or   |ship         |   Beneficial Ownership    |
                        |  Expiration       |  Securities           |         |exercise  |Form of      |                           |
                        |  Date(Month/      |-----------------------|---------|price of  |Deriv-       |                           |
                        |  Day/Year)        |                       |Amount   |deri-     |ative        |                           |
                        | Date    | Expira- |                       |or       |vative    |Security:    |                           |
                        | Exer-   | tion    |         Title         |Number of|Security  |Direct(D) or |                           |
                        | cisable | Date    |                       |Shares   |          |Indirect(I)  |                           |
___________________________________________________________________________________________________________________________________|
<S>                     <C>       <C>       <C>                     <C>       <C>        <C>           <C>
Performance Option (righ|(2)      |01/25/07 |Common Stock, par value|1,746    |$7.60     |D            |                           |
t to buy)               |         |         | $.01 per share        |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Time Option (right to bu|(3)      |02/08/06 |Common Stock, par value|8,000    |$35.00    |D            |                           |
y)                      |         |         | $.01 per share        |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Time Option (right to bu|(4)      |02/10/07 |Common Stock, par value|2,000    |$39.31    |D            |                           |
y)                      |         |         | $.01 per share        |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Time Option (right to bu|02/10/98 |02/10/07 |Common Stock, par value|10,000   |$37.60    |D            |                           |
y)                      |         |         | $.01 per share        |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Time Option (right to bu|(5)      |09/29/08 |Common Stock, par value|9,000    |$17.06    |D            |                           |
y)                      |         |         | $.01 per share        |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Tme Option (right to buy|(6)      |12/17/08 |Common Stock, par value|36,000   |$15.50    |D            |                           |
)                       |         |         | $.01 per share        |         |          |             |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
</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
Plan.
2.  Performance Options with respect to 1,746 shares originally granteed 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 1,745 shares
which will become exercisable in January 2000 if certain earnings-based
financial targets are met or exceeded in
1999.
3.  2,000 of such options became exercisable on May 2, 1996 and 2,000 of such
options became exercisable on
August 28, 1997.  In addition, the reporting person was granted 4,000 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,
2004.
4.  500 of such options became exercisalbe on May 2, 1996 and 500 of such
options became exercisable on
August 28, 1997.  In addition, the reporting  person was granted 1,000 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 10,
2005.
5.  Of such options, 3,000 vested on each of May 21, 1999 and July 14, 1999 and
the reminaing 3,000 will vest on
September 29,
1999.
6.  Of such options, 12,000 vested on each of May 21, 1999 and July 14, 1999
and the remaining 12,000 will vest
on December 17,
1999.
SIGNATURE OF REPORTING PERSON
/s/ Karen G. Narwold
DATE
09/22/99



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