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 *
SIMPSON MICHAEL
 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 _____ 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 05/29/2007   P4 75,050.96 A $ 0 (1) 85,596.96 I (2) Footnote 2
Common Stock 05/29/2007   S4(3) 75,050.96 D $ 31.1 10,546 I (2) Footnote 2
Preferred Stock 05/29/2007   S4 500 D $ 0 (1) 0 I (2) Footnote 2
Common Stock 05/29/2007   P4 56,288.22 A $ 0 (4) 79,069.22 I (5) Footnote 5
Common Stock 05/29/2007   S4(3) 56,288.22 D $ 31.1 22,781 I (5) Footnote 5
Preferred Stock 05/29/2007   S4 375 D $ 0 (4) 0 I (5) Footnote 5
Common Stock 05/29/2007   P4 15,010.19 A $ 0 (6) 264,378.19 I (7) Footnote 7
Common Stock 05/29/2007   J4(8) 91,496 D $ 0 172,882.19 I (7) Footnote 7
Common Stock 05/29/2007   S4(3) 15,010.19 D $ 31.1 157,872 I (7) Footnote 7
Preferred Stock 05/29/2007   S4 100 D $ 0 (6) 0 I (7) Footnote 7
Common Stock 05/30/2007   I4(9) 1,446 A $ 34.58 3,219 D  
Common Stock 06/01/2007   J4(10) 91,496 A $ 0 94,715 D  
Common Stock 12/11/2007   S4(11) 100 D $ 27.72 94,615 D  
Common Stock 12/11/2007   S4(11) 100 D $ 27.73 94,515 D  
Common Stock 12/11/2007   S4(11) 600 D $ 27.74 93,915 D  
Common Stock 12/11/2007   S4(11) 681 D $ 27.75 93,234 D  
Common Stock 12/11/2007   S4(11) 100 D $ 27.78 93,134 D  
Common Stock 12/11/2007   S4(11) 400 D $ 27.79 92,734 D  
Common Stock 12/11/2007   S4(11) 1,250 D $ 27.8 91,484 D  
Common Stock 12/11/2007   S4(11) 2,300 D $ 27.81 89,184 D  
Common Stock 12/11/2007   S4(11) 675 D $ 27.82 88,509 D  
Common Stock 12/11/2007   S4(11) 300 D $ 27.83 88,209 D  
Common Stock 12/11/2007   S4(11) 300 D $ 27.88 87,909 D  
Common Stock 12/11/2007   S4(11) 100 D $ 27.9 87,809 D  
Common Stock 12/11/2007   S4(11) 300 D $ 27.91 87,509 D  
Common Stock 12/12/2007   G4(11) 2,110 D $ 0 85,399 D  
Common Stock     3         I (12) Footnote 12
Common Stock     3         I (13) Footnote 13

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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
Stock Options (Right to Buy) $ 7.05     3     10/04/2003 10/04/2012 Common Stock
6,000
  6,000
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
10,000
  10,000
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) $ 11     3     07/26/2002 07/26/2011 Common Stock
10,000
  10,000
D
 
Stock Options (Right to Buy) $ 14.22     3     07/01/2006 07/01/2015 Common Stock
7,500
  7,500
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SIMPSON MICHAEL
3400 NORTH WOLF ROAD
FRANKLIN PARK, IL 60131		   X      

Signatures

Sherry L. Holland, Attorney-in-Fact 02/14/2008
**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) The reporting person converted 500 shares of Convertible Preferred Stock on May 29, 2007 at a conversion price of $6.69 per share plus accrued interest resulting in his acquisition of 75,050.96 shares of common stock. The Convertible Preferred Stock had a face value of $1,000 per share. The Convertible Preferred Stock was convertible into common stock at any time by the holder on a 149.4768 for one basis plus accrued interest at the same conversion rate and had no expiration date. Reported on Form 4 dated 5/30/2007.
(2) Beneficiary under Trust dated 12/7/1949 United States Trust Co., Trustee.
(3) Transaction previously reported on Form 4 dated 5/30/2007.
(4) The reporting person converted 375 shares of Convertible Preferred Stock on May 29, 2007 at a conversion price of $6.69 per share plus accrued interest resulting in his acquisition of 56,288.22 shares of common stock. The Convertible Preferred Stock had a face value of $1,000 per share. The Convertible Preferred Stock was convertible into common stock at any time by the holder on a 149.4768 for one basis plus accrued interest at the same conversion rate and had no expiration date. Transaction previously reported on Form 4 dated 5/30/2007.
(5) Beneficiary under Trust dated 7/24/1968 United States Trust Co., Trustee.
(6) The reporting person converted 100 shares of Convertible Preferred Stock on May 29, 2007 at a conversion price of $6.69 per share plus accrued interest resulting in his acquisition of 15,010.19 share of common stock. The Convertible Preferred Stock had a face value of $1,000 per share. The Convertible Preferred Stock was convertible into common stock at any time by the holder on a 149.4768 for one basis plus accrued interest at the same conversion rate and had no expiration date. Transaction previously reported on Form 4 dated 5/30/2007.
(7) Beneficiary under Trust dated 12/19/1980 Patrick J. Herbert, III, Trustee (stock acquired by Trust).
(8) Adjusted to reflect actual number of share in which Mr. Simpson has a beneficial intersest - not the number of share held by the Trust. Transaction previously reported on Form 4 dated 5/30/2007.
(9) 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 5/30/2007.
(10) The adjustment made to the Trust in Footnote 7 removing the reference to 91,496 shares from the Trust reporting should have added those shares as directly held. Transaction previously reported on Form 4 dated 6/1/2007.
(11) Transaction previously reported on Form 4 dated 12/13/2007.
(12) Beneficiary under Trust dated 7/26/1972 United States Trust Co. and Patrick J. Herbert, III, Trustee.
(13) Beneficiary under Trust dated 12/23/1976 Northern Turst Co., Trustee.

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