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Previous: SEAGULL ENERGY CORP, 5, 1999-02-11 |
Next: SEAGULL ENERGY CORP, 5, 1999-02-11 |
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)
COLLEY, GERALD R
625 BAY VISTA
SEABROOK, TX 77586
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)
[ ] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
SENIOR VICE PRESIDENT,
INTERNATIONAL
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 12,833 D Direct
Common Stock 1,270 I 401(k) Plan
Common Stock 814 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>
Non-Qualified Stock Option $7.1023 01/04/03
(right to buy)
Non-Qualified Stock Option $7.4574 10/19/02
(right to buy)
Non-Qualified Stock Option $7.5995 12/08/03
(right to buy)
Non-Qualified Stock Option $9.4461 01/23/05
(right to buy)
Non-Qualified Stock Option $12.1449 01/22/06
(right to buy)
Non-Qualified Stock Option $16.5000 07/15/08
(right to buy)
Non-Qualified Stock Option $18.8125 05/13/07
(right to buy)
Non-Qualified Stock Option $21.9375 01/23/07
(right to buy)
Phantom Stock Units (1) 01/01/98 A 255
Phantom Stock Units (1) 08/31/98 A 7
Phantom Stock Units (1) 09/15/98 A 55
Phantom Stock Units (1) 09/30/98 A 55
Phantom Stock Units (1) 10/15/98 A 53
Phantom Stock Units (1) 10/31/98 A 54
Phantom Stock Units (1) 11/15/98 A 51
Phantom Stock Units (1) 11/30/98 A 53
Phantom Stock Units (1) 12/15/98 A 67
Phantom Stock Units (1) 12/31/98 A 91
<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>
Non-Qualified Stock Option Common Stock 880 880 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 1,320 1,320 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 4,400 4,400 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 17,600 17,600 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 13,200 13,200 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 44,000 44,000 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 40,000 40,000 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 7,500 7,500 D Direct
(right to buy)
Phantom Stock Units (1) 01/01/98 Common Stock 255 $20.6250 D Direct
Phantom Stock Units (1) 08/31/98 Common Stock 7 $12.2250 D Direct
Phantom Stock Units (1) 09/15/98 Common Stock 55 $10.9281 D Direct
Phantom Stock Units (1) 09/30/98 Common Stock 55 $11.0156 D Direct
Phantom Stock Units (1) 10/15/98 Common Stock 53 $11.3781 D Direct
Phantom Stock Units (1) 10/31/98 Common Stock 54 $11.1375 D Direct
Phantom Stock Units (1) 11/15/98 Common Stock 51 $11.7688 D Direct
Phantom Stock Units (1) 11/30/98 Common Stock 53 $11.4844 D Direct
Phantom Stock Units (1) 12/15/98 Common Stock 67 $8.9781 D Direct
Phantom Stock Units (1) 12/31/98 Common Stock 91 $6.6531 873 D Direct
<FN>
Explanation of Responses:
(1)
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.
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ By: Sylvia Sanchez
For: Gerald R. Colley
DATE
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