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Previous: SEAGULL ENERGY CORP, 5, 1998-02-17 |
Next: SEAGULL ENERGY CORP, 5, 1998-02-17 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported
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
12/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[X] 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 Amount D Price End of Year I
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C><C> <C> <C><C>
Common Stock 161,000 D Direct
Common Stock 12,690 I 401(k) Plan
Common Stock 7,003 I ESOP
<CAPTION>
Table II (PART 1) Derivative Securitites 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 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 09/20/98
(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 $17.3750 07/10/05
(right to buy)
Non-Qualified Stock Option $18.8125 07/15/97 A 100,000 (1) 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 (2) 01/01/97 A 1,529
Phantom Stock Units (2) 01/15/97 A 143
Phantom Stock Units (2) 01/31/97 A 145
Phantom Stock Units (2) 02/15/97 A 154
Phantom Stock Units (2) 02/28/97 A 161
Phantom Stock Units (2) 03/10/97 A 1,885
Phantom Stock Units (2) 03/15/97 A 170
Phantom Stock Units (2) 03/31/97 A 172
Phantom Stock Units (2) 04/15/97 A 183
Phantom Stock Units (2) 04/30/97 A 269
Phantom Stock Units (2) 05/15/97 A 266
Phantom Stock Units (2) 05/31/97 A 257
Phantom Stock Units (2) 06/15/97 A 254
Phantom Stock Units (2) 06/30/97 A 254
Phantom Stock Units (2) 07/15/97 A 251
Phantom Stock Units (2) 07/31/97 A 236
Phantom Stock Units (2) 08/15/97 A 220
Phantom Stock Units (2) 08/31/97 A 202
Phantom Stock Units (2) 09/15/97 A 193
Phantom Stock Units (2) 09/30/97 A 186
Phantom Stock Units (2) 10/15/97 A 177
Phantom Stock Units (2) 10/31/97 A 177
Phantom Stock Units (2) 11/15/97 A 188
Phantom Stock Units (2) 11/30/97 A 196
Phantom Stock Units (2) 12/15/97 A 206
Phantom Stock Units (2) 12/31/97 A 219
<CAPTION>
Table II (PART 2) Derivative Securitites 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 Year
- ------------------------------------------------------------------------------------------------------------------------------------
<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 Common Stock 192,000 192,000 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 Common Stock 92,700 92,700 D Direct
(right to buy)
Non-Qualified Stock Option 07/15/97 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 (2) 01/01/97 Common Stock 1,529 D Direct
Phantom Stock Units (2) 01/15/97 Common Stock 143 D Direct
Phantom Stock Units (2) 01/31/97 Common Stock 145 D Direct
Phantom Stock Units (2) 02/15/97 Common Stock 154 D Direct
Phantom Stock Units (2) 02/28/97 Common Stock 161 D Direct
Phantom Stock Units (2) 03/10/97 Common Stock 1,885 D Direct
Phantom Stock Units (2) 03/15/97 Common Stock 170 D Direct
Phantom Stock Units (2) 03/31/97 Common Stock 172 D Direct
Phantom Stock Units (2) 04/15/97 Common Stock 183 D Direct
Phantom Stock Units (2) 04/30/97 Common Stock 269 D Direct
Phantom Stock Units (2) 05/15/97 Common Stock 266 D Direct
Phantom Stock Units (2) 05/31/97 Common Stock 257 D Direct
Phantom Stock Units (2) 06/15/97 Common Stock 254 D Direct
Phantom Stock Units (2) 06/30/97 Common Stock 254 D Direct
Phantom Stock Units (2) 07/15/97 Common Stock 251 D Direct
Phantom Stock Units (2) 07/31/97 Common Stock 236 D Direct
Phantom Stock Units (2) 08/15/97 Common Stock 220 D Direct
Phantom Stock Units (2) 08/31/97 Common Stock 202 D Direct
Phantom Stock Units (2) 09/15/97 Common Stock 193 D Direct
Phantom Stock Units (2) 09/30/97 Common Stock 186 D Direct
Phantom Stock Units (2) 10/15/97 Common Stock 177 D Direct
Phantom Stock Units (2) 10/31/97 Common Stock 177 D Direct
Phantom Stock Units (2) 11/15/97 Common Stock 188 D Direct
Phantom Stock Units (2) 11/30/97 Common Stock 196 D Direct
Phantom Stock Units (2) 12/15/97 Common Stock 206 D Direct
Phantom Stock Units (2) 12/31/97 Common Stock 219 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.
(2)
1-for-1
- -
The ESOP security holdings reflected in Table I are as of December 31, 1996 as the allocation of these securities for the year ended
December 31, 1997 has not been completed as of the date of this filing but will be provided on an amended Form 5 as soon as the
information becomes available.
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ By: Sylvia Sanchez
For: Barry J. Galt
DATE
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