U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940
[ ] Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may
continue. See Instruction 1(b).
1. Name and Address of Reporting Person
Johnson William L.
(Last) (First) (Middle)
2645 Whitney Place
(Street)
Fort Gratiot Michigan 48059
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Southeastern Michigan Gas Enterprises, Inc. -- SMGS
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
February 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
[X] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
President and Chief Executive Officer
-------------------------------------
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>
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<CAPTION>
1. Title of 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
Security action action or Disposed of (D) Securities ship of In-
(Instr. 3) Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. -------------------------- Owned at Direct Bene-
(Month/ 8) (A) End of (D) or ficial
Day/ ---------- or Month Indirect Owner-
Year) Code V Amount (D) Price (Instr. 3 (I) ship
and 4) (Instr. 4) (Instr. 4)
- ---------------- -------------- ---- --- -------- --- ------- ------------------ ---------------- -------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 02/20/97 P 1,000 A $20.75 Next Line D
Common Stock 02/21/97 P 1,000 A $20.75 Next Line D
Common Stock 02/24/97 P 1,000 A $20.75 Next Line D
Common Stock 02/26/97 P 1,000 A $20.75 Next Line D
Common Stock 02/27/97 P 1,000 A $20.75 5,000 D
</TABLE>
<TABLE>
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<CAPTION>
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Title of Conver- Trans- Transac- Number of Deriv- Date Exer- Title and Price Number Owner- Nature
Deriva- sion or action tion Code ative Securities cisable and Amount of of of Deriv- ship of In-
tive Exercise Date (Instr. Acquired (A) or Expiration Underlying Deriv- ative Form direct
Security Price of (Month/ 8) Disposed of (D) Date Securities ative Secur- of De- Bene-
(Instr. Deriv- Day/ (Instr. 3, 4, (Month/Day/ (Instr. 3 Secur- ities rivative ficial
3) ative Year) and 5) Year) and 4) ity Bene- Secu- Own-
Security ---------- ----------------- ---------------- --------------- (Instr. ficially ity: ership
5) Owned Direct (Instr.
Amount at End (D) or 4)
Date or of Indi-
Exer- Expir- Number Month rect (I)
cis- ation Title of (Instr. (Instr.
Code V (A) (D) able Date Shares 4) 4)
- ---------- --------- --------- ----- ---- -------- ------- -------- ------- -------- ------ --------- --------- --------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Non- $18.875 Jan. 3, J<F1> 30,000 Jan. 3, Jan. 2, Common 30,000 0 45,000 D
Qualified 1997<F1> 2000<F1> 2007 Stock
Stock
Option
<FN>
<F1>
Grant to reporting person of non-qualified stock option to buy 30,000 shares of
common stock exercisable in full on January 3, 2000, three years after the date
of grant. The option agreement for this grant was executed as of February 26,
1997.
</FN>
</TABLE>
Explanation of Responses:
See footnote above.
William L. Johnson March 5, 1997
----------------------- ----------------
**Signature of Date
Reporting Person
**Intentional misstatements or
omissions of facts constitute
Federal Criminal Violations.
See 18 U.S.C. 1001 and
15 U.S.C. 78ff(a).
