Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
HERBERT PATRICK J III
 2. Issuer Name and Ticker or Trading Symbol
CASTLE A M & CO [CAS] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

3400 NORTH WOLF ROAD		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2007
(Street)


FRANKLIN PARK, IL 60131		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock 05/30/2007   M 1,500 A $ 21.875 10,728 D  
Common Stock 05/30/2007   I 1,446 A (1) $ 34.58 12,174 D  
Common Stock 05/30/2007   S 1 D $ 35.5 12,173 D  
Common Stock 05/30/2007   S 300 D $ 35.59 11,873 D  
Common Stock 05/30/2007   S 100 D $ 35.64 11,773 D  
Common Stock 05/30/2007   S 523 D $ 35.68 11,250 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock (2) $ 0 06/20/2007   A4 4,022.559     (2)   (2) Common Stock
4,022.559
$ 0 17,600.305
D
 
Phantom Stock (2) $ 0 08/10/2007   A 201.314     (2)   (2) Common Stock
201.314
$ 0 17,801.619
D
 
Phantom Stock (2) $ 0 12/10/2007   A 268.646     (2)   (2) Common Stock
268.646
$ 0 18,070.265
D
 
Phantom Stock (2) $ 0 12/28/2007   A 176.491     (2)   (2) Common Stock
176.491
$ 0 18,246.756
D
 
Stock Options (Right to Buy) $ 8.52     3     06/01/2005 06/01/2014 Common Stock
7,500
  7,500
D
 
Stock Options (Right to Buy) $ 10     3     07/27/2001 07/27/2010 Common Stock
3,500
  3,500
D
 
Stock Options (Right to Buy) $ 10.35     3     06/03/2003 06/03/2012 Common Stock
5,000
  5,000
D
 
Stock Options (Right to Buy) $ 12.3125     3     06/01/2001 06/01/2010 Common Stock
1,500
  1,500
D
 
Stock Options (Right to Buy) $ 13     3     06/01/2002 06/01/2011 Common Stock
5,000
  5,000
D
 
Stock Options (Right to Buy) $ 14.22     3     06/01/2006 06/01/2015 Common Stock
7,500
  7,500
D
 
Stock Options (Right to Buy) $ 15.0625     3     06/01/2000 06/01/2009 Common Stock
1,500
  1,500
D
 
Stock Options (Right to Buy) $ 22.4375     3     06/01/1999 06/01/2008 Common Stock
1,500
  1,500
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HERBERT PATRICK J III
3400 NORTH WOLF ROAD
FRANKLIN PARK, IL 60131		   X   X    

Signatures

Sherry L. Holland, Attorney-in-Fact 02/13/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Restricted Stock awarded to Directors as of April 27, 2007, valued at closing common stock price on April 27, 2007; cliff vests in one year. Transaction previously reported on Form 4 dated 5/31/2007.
(2) Each share of Phantom Stock is the economic equivalent of one shares of Common Stock. The share of Phantom Stock becomes payable in cash or Common Stock, at the election of the reporting person, upon the reporting person's termination of service as a Director.

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