Edgar Filing: DTE ENERGY CO

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FORM 5
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/X/ Check box if no UNITED STATES SECURITIES AND EXCHANGE COMMISSION
longer subject to WASHINGTON, DC 20549
Section 16. Form
4 or Form 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
obligations may
continue. See Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Instruction 1(b) Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

/ / Form 3 Holdings
Reported

/ / Form 4 Transactions
Reported

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1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Issuer (Check all applicable)
X Director 10% Owner
---- ---
Officer (give Other (Specify
---- title --- below)
GLANCY III ALFRED R. DTE Energy Company (DTE) below)
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(Last) (First) (Middle) 3. IRS Identification 4. Statement for 7. Individual or Joint/Group Filing
Number of Reporting Month/Year (Check applicable line)
Person, if an Entity X Form filed by One Reporting
400 MAPLE PARK BOULEVARD (Voluntary) ---- Person
SUITE 405. 12/2001 Form Filed by More Than One
------------------------------------------- ------------------- ---- Reporting Person
(Street) 5. If Amendment,
ST. CLAIR SHORES MI 48081 Date of Original
------------------------------------------- (Month/Year)
(City) (State) (Zip)
USA
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TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Issuer's Direct Benefi-
(Month/ Fiscal Year (D) or cial
Day/ ---------------------------- (Instr. 3 and 4) Indirect Owner-
Year) Amount (A) or (D) Price (I) ship
(Instr. 4) (Instr.
4)

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Common Stock 5/31/2001 A 66,958.4 A (1)(2) I
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By 401(k)
Common Stock 08/31/2001 J 66,958.4 (3) D $42.574615 -0- I Plan
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Common Stock 05/31/2001 A 119,012.355 A (1)(4) 119,012.355 D
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1. Exempt transaction pursuant to the merger agreement (the "Merger Agreement") between DTE Energy Company ("DTE") and MCN
Energy Group Inc. (MCN") and in accordance with the proration and allocation procedures therein. The balance of the merger
consideration due to such holders was paid to them in cash pursuant to the Merger Agreement.

2. In an exempt transaction, the reporting person received 36,659.04 shares of DTE common stock in exchange for approximately
106,108 shares of MCN in connection with the merger (the "Merger") of MCN into DTE. In addition, the Plan purchased 30,299.36
shares of DTE common stock using the cash consideration the plan received in connection with the Merger.

3. In an exempt transaction in August 2001, the 401(k) plan disposed of 66,958.4 shares of DTE common stock held in the account
of the reporting person in connection with his retirement at a price of $42.574615 per share.

4. Exempt transaction received as the stock portion of the merger consideration due in exchange for approximately 344,457.75
shares of MCN in connection with the Merger.

FORM 5 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)

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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
--------------- Exer- tion Title Number of
(A) (D) cisable Date Shares
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Employee Stock Option Common
(right to buy) $27.62 5/31/2001 A 62,424 5/31/2001 2/22/2009 Stock 62,424 (5)
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Common
Phantom Stock 1-for-1 6/27/2001 A 1,000 (6) (6) Stock 1,000
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Common
Phantom Stock 1-for-1 10/15/2001 A 11.923 (6) (7) Stock 11.923 $43.195
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Common
Stock Option $45.92 6/27/01 A 1,000 (8) 6/26/2011 Stock 1,000
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9. Number of 10. Ownership 11. Nature of
Derivative of Derivative Indirect
Securities Security: Beneficial
Beneficially Direct (D) Ownership
Owned at End or Indirect (I) (Instr. 4)
of Year (Instr. 4)
(Instr. 4)

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62,424 D
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1,000 D
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D
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1,000 D
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Explanation of Responses:

5. Received in the Merger in exchange for employee stock options to acquire 100,000 shares of MCN common stock for
$17.25 per share.
6. The balance of the reporting person's phantom share account will be paid to him within 15 days after the date he
terminates his service on the board of directors of DTE (the "Board") for any reason. Payment will be made in a
lump sum in cash or, at the election of the reporting person made prior to termination of service and with the
approval of the Board, in whole shares of DTE common stock with any fractional share being paid in cash. The
amount of any cash distribution from the reporting person's phantom share account will be made at a value equal
to the average of the high and low sales prices of a share of DTE common stock as listed in the Wall Street
Journal for the New York Stock Exchange Composite tape on a specified date.
7. The phantom stock was accrued under the DTE Energy Company Deferred Stock Compensation Plan for Non-Employee
Directors and is to be settled in cash or DTE Energy Common Stock upon the reporting person's retirement from
the Board.
8. The options fully vest on 6-27-2002.

/s/ Susan M. Beale 2/14/02
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**Signature of Reporting Person Date
Attorney-in-fact

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this form, one of which must be manually signed. Page 2
If space provided is insufficient, see Instruction 6 for procedure.

POWER OF ATTORNEY

STATE OF MICHIGAN }
} SS
COUNTY OF WAYNE }

KNOW ALL BY THESE PRESENTS that I, Alfred R. Glancy III, do
hereby constitute and appoint Susan M. Beale and Eric H. Peterson and each of
them, my true and lawful Attorneys-in-Fact with full power of substitution to
execute and file on my behalf with the Securities and Exchange Commission any
and all reports, including without limiting the generality of the foregoing,
reports on Securities and Exchange Commission Forms 4 and 5 and 144, that may
be required or advisable in connection with my holdings in and transactions
related to securities of DTE Energy Company.

This Power of Attorney is effective for the period July 1,
2001, through and including July 1, 2002.

IN WITNESS THEREOF, I have hereto set my hand this 25th day
of June, 2001.

/s/ ALFRED R. GLANCY III
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Alfred R. Glancy III

Witnesses:

/s/ SUSAN E. RISKE
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Susan E. Riske

/s/ JANET A. SCULLEN
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Janet A. Scullen

STATE OF MICHIGAN }
} SS
COUNTY OF WAYNE }

On this 25th day of June, 2001, before me personally appeared Gerard M. Anderson
to me known to be the person described who executed the foregoing Power of
Attorney.

Subscribed and sworn to before me
the 25th day of June, 2001

/s/ SANDRA L. BAMBERG
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Sandra L. Bamberg
Notary Public - Wayne County
My Commission Expires: 1-11-04