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Previous: SEAGULL ENERGY CORP, 5, 1999-02-16 |
Next: SEAGULL ENERGY CORP, 5, 1999-02-16 |
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
2811 LAFAYETTE STREET
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
12/98
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[X] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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 (a)353,000 D Direct
Common Stock 12,690 I 401(k) Plan
Common Stock 7,817 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 $8.4375 11/08/99
(right to buy)
Non-Qualified Stock Option $11.9375 03/20/02
(right to buy)
Non-Qualified Stock Option $12.6875 08/24/98 A 100,000 (1) 05/31/04
(right to buy)
Non-Qualified Stock Option $14.8750 09/28/00
(right to buy)
Non-Qualified Stock Option $16.5000 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 (2) 01/01/98 A 1,985
Phantom Stock Units (2) 01/15/98 A 176
Phantom Stock Units (2) 01/31/98 A 188
Phantom Stock Units (2) 02/15/98 A 194
Phantom Stock Units (2) 02/20/98 A 3,335
Phantom Stock Units (2) 02/28/98 A 203
Phantom Stock Units (2) 03/15/98 A 206
Phantom Stock Units (2) 03/31/98 A 199
Phantom Stock Units (2) 04/15/98 A 226
Phantom Stock Units (2) 04/30/98 A 269
Phantom Stock Units (2) 05/15/98 A 278
Phantom Stock Units (2) 05/31/98 A 288
Phantom Stock Units (2) 06/15/98 A 302
Phantom Stock Units (2) 06/30/98 A 311
Phantom Stock Units (2) 07/15/98 A 300
Phantom Stock Units (2) 07/31/98 A 314
Phantom Stock Units (2) 08/15/98 A 372
Phantom Stock Units (2) 08/31/98 A 402
Phantom Stock Units (2) 09/15/98 A 450
Phantom Stock Units (2) 09/30/98 A 446
Phantom Stock Units (2) 10/15/98 A 432
Phantom Stock Units (2) 10/31/98 A 441
Phantom Stock Units (2) 11/15/98 A 418
Phantom Stock Units (2) 11/30/98 A 428
Phantom Stock Units (2) 12/15/98 A 548
Phantom Stock Units (2) 12/31/98 A 739
<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 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 08/24/98 Common Stock 100,000 100,000 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 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) 01/01/98 Common Stock 1,985 $20.6250 D Direct
Phantom Stock Units (2) 01/15/98 Common Stock 176 $19.5625 D Direct
Phantom Stock Units (2) 01/31/98 Common Stock 188 $18.3250 D Direct
Phantom Stock Units (2) 02/15/98 Common Stock 194 $17.7031 D Direct
Phantom Stock Units (2) 02/20/98 Common Stock 3,335 $17.3969 D Direct
Phantom Stock Units (2) 02/28/98 Common Stock 203 $16.9813 D Direct
Phantom Stock Units (2) 03/15/98 Common Stock 206 $16.7000 D Direct
Phantom Stock Units (2) 03/31/98 Common Stock 199 $17.3219 D Direct
Phantom Stock Units (2) 04/15/98 Common Stock 226 $18.4594 D Direct
Phantom Stock Units (2) 04/30/98 Common Stock 269 $18.2563 D Direct
Phantom Stock Units (2) 05/15/98 Common Stock 278 $17.6594 D Direct
Phantom Stock Units (2) 05/31/98 Common Stock 288 $17.0813 D Direct
Phantom Stock Units (2) 06/15/98 Common Stock 302 $16.2625 D Direct
Phantom Stock Units (2) 06/30/98 Common Stock 311 $15.7969 D Direct
Phantom Stock Units (2) 07/15/98 Common Stock 300 $16.3750 D Direct
Phantom Stock Units (2) 07/31/98 Common Stock 314 $15.6438 D Direct
Phantom Stock Units (2) 08/15/98 Common Stock 372 $13.2000 D Direct
Phantom Stock Units (2) 08/31/98 Common Stock 402 $12.2250 D Direct
Phantom Stock Units (2) 09/15/98 Common Stock 450 $10.9281 D Direct
Phantom Stock Units (2) 09/30/98 Common Stock 446 $11.0156 D Direct
Phantom Stock Units (2) 10/15/98 Common Stock 432 $11.3781 D Direct
Phantom Stock Units (2) 10/31/98 Common Stock 441 $11.1375 D Direct
Phantom Stock Units (2) 11/15/98 Common Stock 418 $11.7688 D Direct
Phantom Stock Units (2) 11/30/98 Common Stock 428 $11.4844 D Direct
Phantom Stock Units (2) 12/15/98 Common Stock 548 $8.9781 D Direct
Phantom Stock Units (2) 12/31/98 Common Stock 739 $6.6531 70,965 D Direct
<FN>
Explanation of Responses:
(1)
The option, which represents a right-to-buy, vests 100% on the date of grant.
(2)
1-for-1
- -
The ESOP security holdings reflected in Table I are as of December 31, 1997 as the allocation of these securities for the year ended
December 31, 1998 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.
(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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