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Previous: CENTENNIAL TAX EXEMPT TRUST /CO/, N-30D, 1998-09-08 |
Next: ALLIANCE INTERNATIONAL FUND INC, N-30D, 1998-09-08 |
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.
1. Name and Address of Reporting Person(s)
GALT, BARRY J
1811 KIRBY DRIVE
HOUSTON, TX 77019
2. Issuer Name and Ticker or Trading Symbol
SEAGULL ENERGY CORPORATION (SGO)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
###-##-####
4. Statement for Month/Year
09/98
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)
COB, CEO, Pres. & Director
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)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code V Amount D Price End of Month I
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C><C> <C> <C><C>
Common Stock 09/02/98 M 192,000 A $6.3125 353,000(a) D Direct
Common Stock 12,690 I 401(k) Plan
Common Stock 7,817 I ESOP
<CAPTION>
Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code V A D Exercisable Expiration
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right $17.3750 07/10/05
to buy)
Incentive Stock Option (right $25.5000 06/01/04
to buy)
Non-Qualified Stock Option $6.3125 09/02/98 M 192,000 09/20/98
(right to buy)
Non-Qualified Stock Option $8.4375 11/08/99
(right to buy)
Non-Qualified Stock Option $11.9375 03/20/02
(right to buy)
Non-Qualified Stock Option $14.8750 09/28/00
(right to buy)
Non-Qualified Stock Option $16.5000 07/15/98 A V 150,000 (1) 07/15/08
(right to buy)
Non-Qualified Stock Option $17.3750 07/10/05
(right to buy)
Non-Qualified Stock Option $18.8125 05/13/07
(right to buy)
Non-Qualified Stock Option $23.5000 07/16/06
(right to buy)
Non-Qualified Stock Option $25.5000 06/01/04
(right to buy)
Non-Qualified Stock Option $26.3750 05/11/03
(right to buy)
Phantom Stock Units
<CAPTION>
Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of
Security action of Underlying of Deri- Derivative Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
- Title Shares End of Month
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right Common Stock 7,300 7,300 D Direct
to buy)
Incentive Stock Option (right Common Stock 9,600 9,600 D Direct
to buy)
Non-Qualified Stock Option 09/02/98 Common Stock 192,000 0 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 48,000 48,000 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 150,000 150,000 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 150,000 150,000 D Direct
(right to buy)
Non-Qualified Stock Option 07/15/98 Common Stock 150,000 150,000 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 92,700 92,700 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 100,000 100,000 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 100,000 100,000 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 90,400 90,400 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 100,000 100,000 D Direct
(right to buy)
Phantom Stock Units Common Stock 57,515 57,515 D Direct
<FN>
Explanation of Responses:
(1)
The option, which represents a right-to-buy, vests in four equal annual installments beginning one year from date of grant.
(a)
Includes 30,000 shares, previously reported, held by certain trusts with respect to which reporting person has no pecuniary
interest and disclaims any beneficial ownership.
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ By: Sylvia Sanchez
For: Barry J. Galt
DATE
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