PROSPECTUS SUPPLEMENT
(To Prospectus Dated September 17, 1990)
SEITEL, INC.
15,317 Shares
Common Stock
($.01 par value per share)
------------------------
Incentive Stock Option Plan
Non-Qualified Stock Option Plan
Employee Common Stock Purchase Warrants
-------------------------
The Prospectus dated September 17, 1990, as supplemented by Prospectus
Supplement dated March 28, 1994, provided for certain stockholders of Seitel,
Inc. to resell shares of Common Stock acquired upon exercise of stock options
issued under the Incentive Stock Option Plan and the Non-Qualified Stock Option
Plan, and upon conversion of Employee Common Stock Purchase Warrants. The
following Selling Stockholder may resell shares of Common Stock acquired
pursuant to the Non-Qualified Stock Option Plan and Employee Common Stock
Purchase Warrants pursuant to this Prospectus. The following table sets forth
the name and relationship to the Company of this Selling Stockholder, the number
of shares of Common Stock owned by such Selling Stockholder prior to such sale,
the amount to be offered for such Selling Stockholder's account pursuant hereto,
and the amount and percentage of Common Stock to be owned by such Selling
Stockholder after the sale of such shares pursuant hereto.
<TABLE>
<CAPTION>
Amount of
Amount of Common Stock Percentage of
Owned as of Common Stock to be Owned Common Stock
11/25/96(1)<F1> Offered after this Owned after
Name and Relationship Pursuant hereto Offering(1)<F1> Sales
- ---------------------------------------- ------------ ---------------- --------------- ---------------
<S> <C> <C> <C> <C>
Debra D. Valice, 150,173 15,317 134,856 1.3%
Senior Vice President - Finance,
Chief Financial Officer(2)<F2>
<FN>
<F1>(1) Includes shares that may be acquired within 60 days upon the exercise
of any right.
<F2>(2) Includes 10,471 and 83,512 shares that may be acquired from the
Company within 60 days upon exercise of options and common stock
purchase warrants, respectively.
</FN>
</TABLE>
This Prospectus Supplement is dated November 25, 1996.
