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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
[X] 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)
ELIAS, JOHN W
1923 OLYMPIA 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
12/98
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] 10% Owner
[ ] Officer (give title below) [X] Other (specify below)
Former Exec. Vice President
and 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 3,000 D Direct
Common Stock 4,402 I 401(k) Plan
Common Stock 2,738 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 $16.5000 07/15/98 A 70,000 07/15/08
(right to buy)
Phantom Stock Units (1) 01/01/98 A 743
Phantom Stock Units (1) 01/15/98 A 41
Phantom Stock Units (1) 01/31/98 A 44
Phantom Stock Units (1) 02/15/98 A 45
Phantom Stock Units (1) 02/20/98 A 183
Phantom Stock Units (1) 02/28/98 A 47
Phantom Stock Units (1) 03/15/98 A 48
Phantom Stock Units (1) 03/31/98 A 46
Phantom Stock Units (1) 04/15/98 A 43
Phantom Stock Units (1) 04/30/98 A 44
Phantom Stock Units (1) 05/15/98 A 45
Phantom Stock Units (1) 05/31/98 A 47
Phantom Stock Units (1) 06/15/98 A 49
Phantom Stock Units (1) 06/30/98 A 51
Phantom Stock Units (1) 07/15/98 A 98
Phantom Stock Units (1) 07/31/98 A 102
Phantom Stock Units (1) 08/15/98 A 121
Phantom Stock Units (1) 08/31/98 A 131
Phantom Stock Units 09/04/98 J (2) 10,299
<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 07/15/98 Common Stock 70,000 0 D Direct
(right to buy)
Phantom Stock Units (1) 01/01/98 Common Stock 743 $20.6250 D Direct
Phantom Stock Units (1) 01/15/98 Common Stock 41 $19.5625 D Direct
Phantom Stock Units (1) 01/31/98 Common Stock 44 $18.3250 D Direct
Phantom Stock Units (1) 02/15/98 Common Stock 45 $17.7031 D Direct
Phantom Stock Units (1) 02/20/98 Common Stock 183 $17.3969 D Direct
Phantom Stock Units (1) 02/28/98 Common Stock 47 $16.9813 D Direct
Phantom Stock Units (1) 03/15/98 Common Stock 48 $16.7000 D Direct
Phantom Stock Units (1) 03/31/98 Common Stock 46 $17.3219 D Direct
Phantom Stock Units (1) 04/15/98 Common Stock 43 $18.4594 D Direct
Phantom Stock Units (1) 04/30/98 Common Stock 44 $18.2563 D Direct
Phantom Stock Units (1) 05/15/98 Common Stock 45 $17.6594 D Direct
Phantom Stock Units (1) 05/31/98 Common Stock 47 $17.0813 D Direct
Phantom Stock Units (1) 06/15/98 Common Stock 49 $16.2625 D Direct
Phantom Stock Units (1) 06/30/98 Common Stock 51 $15.7969 D Direct
Phantom Stock Units (1) 07/15/98 Common Stock 98 $16.3750 D Direct
Phantom Stock Units (1) 07/31/98 Common Stock 102 $15.6438 D Direct
Phantom Stock Units (1) 08/15/98 Common Stock 121 $13.2000 D Direct
Phantom Stock Units (1) 08/31/98 Common Stock 131 $12.2250 D Direct
Phantom Stock Units 09/04/98 Common Stock 10,299 $12.0594 0 D Direct
<FN>
Explanation of Responses:
(1)
1-for-1
(2)
Reporting person took a lump sum cash distribution of his Phantom Stock Units upon resignation.
- -
Reporting person forfeited outstanding stock options upon resignation.
- -
Reporting person resigned as a Director and Officer of the Company on August 31, 1998 .
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ By: Sylvia Sanchez
For: John W. Elias
DATE
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