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
Macleod Bruce G.
(Last) (First) (Middle)
133 Kenilworth Avenue
(Street)
Kenilworth Illinois 60043
(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 1998
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 635<F1> D
Common Stock 105<F1> I By Spouse as
Custodian<F2>
<FN>
<F1>
Includes 5% stock dividend paid May 15, 1998 to holders of record on May 5, 1998.
<F2>
These shares are held by spouse as custodian for a child of the reporting person. The reporting person disclaims beneficial
ownership of these shares.
</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>
Phantom
Stock Common Next
Units 1-for-1 01/15/98 A 65.76 <F1> <F1> Stock 65.76 $18.25 Line D
Phantom
Stock 11.03 Common 11.03 $17.92 Next
Units 1-for-1 02/15/98 A <F2> <F1> <F1> Stock <F2> <F2> Line D
Phantom
Stock 11.27 Common 11.27 $17.73 Next
Units 1-for-1 05/15/98 A <F2> <F1> <F1> Stock <F2> <F2> Line D
Phantom
Stock 49.96 Common 49.96 Next
Units 1-for-1 05/15/98 A <F3> <F1> <F1> Stock <F3> N/A <F3> Line D
Phantom
Stock 12.80 Common 12.80 $16.57 Next
Units 1-for-1 08/15/98 A <F2> <F1> <F1> Stock <F2> <F2> Line D
Phantom
Stock 12.80 Common 12.80 $16.77
Units 1-for-1 11/15/98 A <F2> <F1> <F1> Stock <F2> <F2> 1,086.11 D
Phantom
Stock Common Next
Units 1-for-1 01/15/98 A 54.79 <F4> <F4> Stock 54.79 $18.25 Line D
Phantom
Stock Common Next
Units 1-for-1 02/15/98 A 55.80 <F4> <F4> Stock 55.80 $17.92 Line D
Phantom
Stock .61 Common .61 $17.92 Next
Units 1-for-1 02/15/97 A <F2> <F4> <F4> Stock <F2> <F2> Line D
Phantom
Stock Common Next
Units 1-for-1 03/15/98 A 301.41 <F4> <F4> Stock 301.41 $16.92 Line D
Phantom
Stock Common Next
Units 1-for-1 04/15/98 A 304.45 <F4> <F4> Stock 304.45 $17.08 Line D
Phantom
Stock Common Next
Units 1-for-1 05/15/98 A 163.56 <F4> <F4> Stock 163.56 $17.73 Line D
Phantom
Stock 8.09 Common 8.09 $17.73 Next
Units 1-for-1 05/15/98 A <F2> <F4> <F4> Stock <F2> <F2> Line D
Phantom
Stock 35.85 Common 35.85 Next
Units 1-for-1 05/15/98 A <F3> <F4> <F4> Stock <F3> N/A <F3> Line D
Phantom
Stock Common Next
Units 1-for-1 06/15/98 A 209.88 <F4> <F4> Stock 209.88 $17.63 Line D
Phantom
Stock Common Next
Units 1-for-1 07/15/98 A 56.88 <F4> <F4> Stock 56.88 $17.58 Line D
Phantom
Stock Common Next
Units 1-for-1 08/15/98 A 229.35 <F4> <F4> Stock 229.35 $16.57 Line D
Phantom
Stock 14.38 Common 14.38 $16.57 Next
Units 1-for-1 08/15/98 A <F2> <F4> <F4> Stock <F2> <F2> Line D
Phantom
Stock Common Next
Units 1-for-1 09/15/98 A 70.92 <F4> <F4> Stock 70.92 $14.10 Line D
Phantom
Stock Common Next
Units 1-for-1 10/15/98 A 159.47 <F4> <F4> Stock 159.47 $15.05 Line D
Phantom
Stock Common Next
Units 1-for-1 11/15/98 A 59.63 <F4> <F4> Stock 59.63 $16.77 Line D
Phantom
Stock 19.86 Common 19.86 $16.77 Next
Units 1-for-1 11/15/98 A <F2> <F4> <F4> Stock <F2> <F2> Line D
Phantom
Stock Common
Units 1-for-1 12/15/98 A 60.75 <F4> <F4> Stock 60.75 $16.46 1,805.68 D
<FN>
<F1>
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 the earlier of January 1, 2002 or the reporting person's retirement
from the board.
<F2>
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.
<F3>
Phantom stock units acquired by phantom 5% stock dividend which mirrors actual stock dividend paid May 15, 1998 to common
stockholders of record on May 5, 1998.
<F4>
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 the earlier of January 1, 2008 or the reporting person's retirement
from the board.
</FN>
</TABLE>
Explanation of Responses:
See footnotes above.
Bruce G. Macleod January 27, 1999
-------------------------- -----------------
**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).
