U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL 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 box if no longer subject to
Section 16. Form 4 or Form 5
obligations may continue. See
Instruction 1(b).
[ ] Form 3 Holdings Reported
[ ] Form 4 Holdings Reported
1. Name and Address of Reporting Person
Klein Harvey I.
(Last) (First) (Middle)
6687 Casa Grande Way
(Street)
Delray Beach Florida 33446
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SEMCO Energy, Inc. -- SMGS
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
December 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
[X] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
-------------------------------
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 End Direct Bene-
(Month/ 8) (A) of Issuer's (D) or ficial
Day/ or Fiscal Year Indirect Owner-
Year) Amount (D) Price (Instr. 3 (I) ship
and 4) (Instr. 4) (Instr. 4)
- ---------------- -------------- ---------- -------- --- ------- ------------------ ---------------- -------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 2,044.9605<F1><F2> D
<FN>
<F1>
Includes 5% stock dividend paid May 15, 1997 to holders of record on May 5, 1997.
<F2>
Includes shares acquired through reinvestment of dividends through the Company's DRIP.
</FN>
</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 of direct
Security Price of (Month/ 8) Disposed of (D) Date Securities ative Secur- Deriva- Bene-
(Instr. Deriv- Day/ (Instr. 3, 4, (Month/Day/ (Instr. 3 Secur- ities tive 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- Num- Year rect (I)
cis- ation Title ber of (Instr. (Instr.
(A) (D) able Date Shares 4) 4)
- ---------- --------- --------- ---------- -------- -------- ------- ------- -------- ------ --------- --------- --------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock $17.14 May 1, A 1,050 May 1, Common 1,050
Option <F1> 1997 <F1> <F2> 2007 Stock <F1> 0 1,050 D
Phantom
Stock 46.56 Common 46.56 $19.73 Next
Units 1-for-1 02/15/97 A <F4> <F3> <F3> Stock <F4> <F4> Line D
Phantom
Stock 48.20 Common 48.20 $19.25 Next
Units 1-for-1 05/15/97 A <F4> <F3> <F3> Stock <F4> <F4> Line D
Phantom
Stock 231.98 Common 231.98 Next
Units 1-for-1 05/15/97 A <F5> <F3> <F3> Stock <F5> N/A <F5> Line D
Phantom
Stock 54.54 Common 54.54 $18.04 Next
Units 1-for-1 08/15/97 A <F4> <F3> <F3> Stock <F4> <F4> Line D
Phantom
Stock 55.52 Common 55.52 $17.92
Units 1-for-1 11/15/97 A <F4> <F3> <F3> Stock <F4> <F4> 5,029.89 D
Phantom
Stock Common Next
Units 1-for-1 01/15/97 A 139.32 <F6> <F6> Stock 139.32 $19.20 Line D
Phantom
Stock Common Next
Units 1-for-1 02/15/97 A 969.69 <F6> <F6> Stock 969.69 $19.73 Line D
Phantom
Stock 1.41 Common 1.41 $19.73 Next
Units 1-for-1 02/15/97 A <F4> <F6> <F6> Stock <F4> <F4> Line D
Phantom
Stock Common Next
Units 1-for-1 03/15/97 A 241.66 <F6> <F6> Stock 241.66 $21.00 Line D
Phantom
Stock Common Next
Units 1-for-1 04/01/97 A 96.88 <F6> <F6> Stock 96.88 $18.58 Line D
Phantom
Stock Common Next
Units 1-for-1 04/15/97 A 143.29 <F6> <F6> Stock 143.29 $18.67 Line D
Phantom
Stock Common Next
Units 1-for-1 05/01/97 A 245.18 <F6> <F6> Stock 245.18 $19.17 Line D
Phantom
Stock 19.09 Common 19.09 $19.25 Next
Units 1-for-1 05/15/97 A <F4> <F6> <F6> Stock <F4> <F4> Line D
Phantom
Stock 91.87 Common 91.87 Next
Units 1-for-1 05/15/97 A <F5> <F6> <F6> Stock <F5> N/A <F5> Line D
Phantom
Stock Common Next
Units 1-for-1 06/01/97 A 66.96 <F6> <F6> Stock 66.96 $17.92 Line D
Phantom
Stock Common Next
Units 1-for-1 06/15/97 A 116.90 <F6> <F6> Stock 116.90 $17.75 Line D
Phantom
Stock Common Next
Units 1-for-1 07/01/97 A 68.57 <F6> <F6> Stock 68.57 $17.50 Line D
Phantom
Stock Common Next
Units 1-for-1 08/01/97 A 68.89 <F6> <F6> Stock 68.89 $17.42 Line D
Phantom
Stock Common Next
Units 1-for-1 08/15/97 A 148.18 <F6> <F6> Stock 148.18 $18.04 Line D
Phantom
Stock 25.16 Common 25.16 $18.04 Next
Units 1-for-1 08/15/97 A <F4> <F6> <F6> Stock <F4> <F4> Line D
Phantom
Stock Common Next
Units 1-for-1 09/01/97 A 98.52 <F6> <F6> Stock 98.52 $18.27 Line D
Phantom
Stock Common Next
Units 1-for-1 10/01/97 A 66.67 <F6> <F6> Stock 66.67 $18.00 Line D
Phantom
Stock Common Next
Units 1-for-1 10/15/97 A 116.90 <F6> <F6> Stock 116.90 $17.75 Line D
Phantom
Stock Common Next
Units 1-for-1 11/15/97 A 100.44 <F6> <F6> Stock 100.44 $17.92 Line D
Phantom
Stock 30.42 Common 30.42 $17.92 Next
Units 1-for-1 11/15/97 A <F4> <F6> <F6> Stock <F4> <F4> Line D
Phantom
Stock Common
Units 1-for-1 12/15/97 A 100.44 <F6> <F6> Stock 100.44 $17.92 2,956.54 D
<FN>
<F1>
The option granted on May 1, 1997 was for 1,000 common shares at an exercise price of $18.00 per share, but was adjusted to reflect
the 5% stock dividend paid May 15, 1997.
<F2>
The option vests in three equal annual installments beginning on May 1, 1998.
<F3>
The phantom stock units were accrued under the SEMCO Energy, Inc. directors deferred compensation and phantom stock purchase plan
and are to be settled 100% in cash within 30 days after January 1, 2001.
<F4>
Phantom stock units acquired through reinvestment of phantom dividends through the SEMCO Energy, Inc. directors deferred
compensation and phantom stock purchase plans and pursuant to such plans are treated as though invested in the Company's DRIP.
<F5>
Phantom stock units acquired by phantom 5% stock dividend which mirrors actual stock dividend paid May 15, 1997 to common
stockholders of record on May 5, 1997.
<F6>
The phantom stock units were accrued under the SEMCO Energy, Inc. directors deferred compensation and phantom stock purchase plan
and are to be settled 100% in cash within 30 days after January 1, 2002.
</FN>
</TABLE>
Explanation of Responses:
See footnotes above.
Harvey I. Klein January 30, 1998
--------------------- -----------------
**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).
