- ----------- -----------------------------
| FORM 4 | | OMB APPROVAL |
- ----------- |---------------------------|
-- |Estimated average burden |
| | Check this box if no longer |hours per response......0.5|
-- subject to Section 16, Form 4 -----------------------------
or Form 5 obligations may
continue. See Instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF 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(f) of the Investment Company Act of 1940
- --------------------------------------------------------------------------------
1. Name and Address of Reporting Person | 2. Issuer Name and Ticker
| or Trading Symbol
Lawi, David S. |
- --------------------------------------------------| Seitel, Inc. SEI
(Last) (First) (Middle) |
|-----------------------------
| 3. IRS or Social Security
93 Mason Street | Number of Reporting
- --------------------------------------------------| Person(Voluntary)
(Street) |
|
Greenwich, CT 06830 |
- --------------------------------------------------|
(City) (State) (Zip) |
- --------------------------------------------------------------------------------
4. Statement for Month/Year Novmeber, 1997
- --------------------------------------------------------------------------------
5. If Amendment, | 6. Relationship of Reporting Person | 7. Individual or
Date of | to Issuer (Check all applicable) | Joint/Group
Original | X Director 10% Owner | Filing
(Month/Day/ | ----- ----- |
Year) | Officer Other | X Form filed by
| ----- ----- | --- One Reporting
| (give title below) (specify below) | Person
| |
| | Form filed by
| | --- more than One
| | Reporting Person
- --------------------------------------------------------------------------------
<PAGE>
Table I - Non-Derivative Securities Acquired,
Disposed of, or Beneficially Owned
- --------------------------------------------------------------------------------
1. Title of Security | 2. Transaction Date
(Instr. 3) | (Month/Day/Year)
- ----------------------------------------------------|---------------------------
(a) Common Stock |
- --------------------------------------------------------------------------------
3. Transaction Code | 4. Securities Acquired (A) or Disposed of (D)
(Instr. 8) | (Instr. 3, 4 and 5)
|
- ----------------------------|---------------------------------------------------
Code | V | Amount | (A) or (D) | Price
- -----------|----------------|------------------|--------------------|-----------
(a) | | | |
- --------------------------------------------------------------------------------
5. Amount of Securities | 6. Ownership Form: | 7. Nature of Indirect
Beneficially Owned | Direct (D) or | Beneficial
at End of Month | Indirect (I) | Ownership
(Instr. 3 and 4) | (Instr. 4) | (Instr. 4)
- ---------------------------|------------------------|---------------------------
(a) 51,713 | D |
- --------------------------------------------------------------------------------
<PAGE>
Table II - Derivative Securities Acquired, Disposed of,
or Beneficially Owned (e.g., puts, calls,
warrants, options, convertible securities)
- --------------------------------------------------------------------------------
1. Title of Derivative Security | 2. Conversion | 3. Transaction
(Instr. 3) | or Exercise| Date (Month/
| Price of | Day/Year)
| Derivative |
| Security |
- --------------------------------------------|----------------|------------------
(a) Options - Right To Buy | 25.125 |
- --------------------------------------------|----------------|------------------
(b) Employee Warrants | 24.00 |
- --------------------------------------------|----------------|------------------
(c) Employee Warrants | 32.00 |
- --------------------------------------------|----------------|------------------
(d) Employee Warrants | 43.00 | 11/28/97
- --------------------------------------------|----------------|------------------
(e) Employee Warrants | 41.625 | 11/28/97
- --------------------------------------------|----------------|------------------
(f) Employee Warrants | 41.00 | 11/28/97
- --------------------------------------------|----------------|------------------
(g) Employee Warrants | 40.50 | 11/28/97
- --------------------------------------------|----------------|------------------
(h) Employee Warrants | 40.00 | 11/28/97
- --------------------------------------------|----------------|------------------
(i) Employee Warrants | 40.00 | 11/28/97
- --------------------------------------------|----------------|------------------
(j) Employee Warrants | 41.5625 | 11/28/97
- --------------------------------------------|----------------|------------------
(k) Employee Warrants | 41.625 | 11/28/97
- --------------------------------------------|----------------|------------------
(l) Employee Warrants | 41.75 | 11/28/97
- --------------------------------------------|----------------|------------------
(m) Employee Warrants | 41.75 | 11/28/97
- --------------------------------------------|----------------|------------------
(n) Employee Warrants | 40.50 | 11/28/97
- --------------------------------------------|----------------|------------------
(o) Employee Warrants | 40.5625 | 11/28/97
- --------------------------------------------|----------------|------------------
(p) Employee Warrants | 40.625 | 11/28/97
- --------------------------------------------|----------------|------------------
(q) Employee Warrants | 40.75 | 11/28/97
- --------------------------------------------|----------------|------------------
(r) Employee Warrants | 40.8125 | 11/28/97
- --------------------------------------------|----------------|------------------
(s) Employee Warrants | 41.0625 | 11/28/97
- --------------------------------------------|----------------|------------------
(t) Employee Warrants | 41.4375 | 11//28/97
- --------------------------------------------|----------------|------------------
(u) Employee Warrants | 41.4375 | 11/28/97
- --------------------------------------------|----------------|------------------
(v) Employee Warrants | 41.50 | 11/28/97
- --------------------------------------------|----------------|------------------
(w) Employee Warrants | 41.625 | 11/28/97
- --------------------------------------------|----------------|------------------
(x) Employee Warrants | 41.50 | 11/28/97
- --------------------------------------------|----------------|------------------
(y) Employee Warrants | 40.625 | 11/28/97
- --------------------------------------------|----------------|------------------
(z) Employee Warrants | 40.50 | 11/28/97
- --------------------------------------------|----------------|------------------
(aa) Employee Warrants | 40.75 | 11/28/97
- --------------------------------------------|----------------|------------------
(bb) Employee Warrants | 40.6875 | 11/28/97
- --------------------------------------------|----------------|------------------
(cc) Employee Warrants | 40.6875 | 11/28/97
- --------------------------------------------|----------------|------------------
(dd) Employee Warrants | 41.25 | 11/28/97
- --------------------------------------------------------------------------------
<PAGE>
FORM 4 - Table II (continued)
- --------------------------------------------------------------------------------
(ee) Employee Warrants | 41.00 | 11/20/97
- --------------------------------------------|----------------|------------------
(ff) Options - Right to Buy | 43.00 | 11/28/97
- --------------------------------------------|----------------|------------------
(gg) Options - Right to Buy | 41.625 | 11/28/97
- --------------------------------------------|----------------|------------------
(hh) Options - Right to Buy | 41.00 | 11/28/97
- --------------------------------------------|----------------|------------------
(ii) Options - Right to Buy | 40.50 | 11/28/97
- --------------------------------------------|----------------|------------------
(jj) Options - Right to Buy | 40.00 | 11/28/97
- --------------------------------------------|----------------|------------------
(kk) Options - Right to Buy | 40.00 | 11/28/97
- --------------------------------------------|----------------|------------------
(ll) Options - Right to Buy | 41.5625 | 11/28/97
- --------------------------------------------|----------------|------------------
(mm) Options - Right to Buy | 41.625 | 11/28/97
- --------------------------------------------|----------------|------------------
(nn) Options - Right to Buy | 41.75 | 11/28/97
- --------------------------------------------|----------------|------------------
(oo) Options - Right to Buy | 41.75 | 11/28/97
- --------------------------------------------|----------------|------------------
(pp) Options - Right to Buy | 40.50 | 11/28/97
- --------------------------------------------|----------------|------------------
(qq) Options - Right to Buy | 40.5625 | 11/28/97
- --------------------------------------------|----------------|------------------
(rr) Options - Right to Buy | 40.625 | 11/28/97
- --------------------------------------------|----------------|------------------
(ss) Options - Right to Buy | 40.75 | 11/28/97
- --------------------------------------------|----------------|------------------
(tt) Options - Right to Buy | 40.8125 | 11/28/97
- --------------------------------------------|----------------|------------------
(uu) Options - Right to Buy | 41.0625 | 11/28/97
- --------------------------------------------|----------------|------------------
(vv) Options - Right to Buy | 41.4375 | 11/28/97
- --------------------------------------------|----------------|------------------
(ww) Options - Right to Buy | 41.4375 | 11/28/97
- --------------------------------------------|----------------|------------------
(xx) Options - Right to Buy | 41.50 | 11/28/97
- --------------------------------------------|----------------|------------------
(yy) Options - Right to Buy | 40.625 | 11/28/97
- --------------------------------------------|----------------|------------------
(zz) Options - Right to Buy | 41.50 | 11/28/97
- --------------------------------------------|----------------|------------------
(aaa)Options - Right to Buy | 40.625 | 11/28/97
- --------------------------------------------|----------------|------------------
(bbb)Options - Right to Buy | 40.50 | 11/28/97
- --------------------------------------------|----------------|------------------
(ccc)Options - Right to Buy | 40.75 | 11/28/97
- --------------------------------------------|----------------|------------------
(ddd)Options - Right to Buy | 40.6875 | 11/28/97
- --------------------------------------------|----------------|------------------
(eee)Options - Right to Buy | 40.6875 | 11/28/97
- --------------------------------------------|----------------|------------------
(fff)Options - Right to Buy | 41.25 | 11/28/97
- --------------------------------------------------------------------------------
<PAGE>
FORM 4 - Table II (continued)
- --------------------------------------------------------------------------------
4. Transaction | 5. Number of Derivative | 6. Date Exercisable and
Code | Securities Acquired | Expiration Date
(Instr. 8) | | (Month/Day/Year)
- -------------------|-----------------------------|------------------------------
T | V | (A) | (D) | Date | Expiration
| | | | Exercisable | Date
- -----------|-------|-------------|---------------|---------------|--------------
(a) | | | | (1) | 11/29/05
- -----------|-------|-------------|---------------|---------------|--------------
(b) | | | | 07/10/94 | 04/11/99
- -----------|-------|-------------|---------------|---------------|--------------
(c) | | | | 04/28/95 | 04/28/00
- -----------|-------|-------------|---------------|---------------|--------------
(d) D (3) | | | 1,381 | 12/05/96 | 11/26/01
- -----------|-------|-------------|---------------|---------------|--------------
(e) D (3) | | | 733 | 12/05/96 | 11/27/01
- -----------|-------|-------------|---------------|---------------|--------------
(f) D (3) | | | 4,982 | 12/05/96 | 11/29/01
- -----------|-------|-------------|---------------|---------------|--------------
(g) D (3) | | | 6,883 | 12/05/96 | 12/02/01
- -----------|-------|-------------|---------------|---------------|--------------
(h) D (3) | | | 6,957 | 12/05/96 | 12/03/01
- -----------|-------|-------------|---------------|---------------|--------------
(i) D (3) | | | 1,355 | 12/05/96 | 12/04/01
- -----------|-------|-------------|---------------|---------------|--------------
(j) D (3) | | | 10,000 | 07/31/97 | 07/17/02
- -----------|-------|-------------|---------------|---------------|--------------
(k) D (3) | | | 6,850 | 07/31/97 | 07/17/02
- -----------|-------|-------------|---------------|---------------|--------------
(l) D (3) | | | 473 | 07/31/97 | 07/17/02
- -----------|-------|-------------|---------------|---------------|--------------
(m) D (3) | | | 3,077 | 07/31/97 | 07/17/02
- -----------|-------|-------------|---------------|---------------|--------------
(n) D (3) | | | 4,350 | 07/31/97 | 07/22/02
- -----------|-------|-------------|---------------|---------------|--------------
(o) D (3) | | | 700 | 07/31/97 | 07/23/02
- -----------|-------|-------------|---------------|---------------|--------------
(p) D (3) | | | 5,000 | 07/31/97 | 07/23/02
- -----------|-------|-------------|---------------|---------------|--------------
(q) D (3) | | | 50 | 07/31/97 | 07/23/02
- -----------|-------|-------------|---------------|---------------|--------------
(r) D (3) | | | 4,900 | 07/31/97 | 07/29/02
- -----------|-------|-------------|---------------|---------------|--------------
(s) D (3) | | | 15,000 | 07/31/97 | 07/30/02
- -----------|-------|-------------|---------------|---------------|--------------
(t) D (3) | | | 3,750 | 08/29/97 | 08/22/02
- -----------|-------|-------------|---------------|---------------|--------------
(u) D (3) | | | 1,250 | 08/29/97 | 08/25/02
- -----------|-------|-------------|---------------|---------------|--------------
(v) D (3) | | | 5,037 | 08/29/97 | 08/25/02
- -----------|-------|-------------|---------------|---------------|--------------
(w) D (3) | | | 950 | 08/29/97 | 08/25/02
- -----------|-------|-------------|---------------|---------------|--------------
(x) D (3) | | | 250 | 08/29/97 | 08/26/02
- -----------|-------|-------------|---------------|---------------|--------------
(y) D (3) | | | 6,350 | 08/29/97 | 08/28/02
- -----------|-------|-------------|---------------|---------------|--------------
(z) D (3) | | | 1,000 | 08/29/97 | 08/29/02
- -----------|-------|-------------|---------------|---------------|--------------
(aa)D (3) | | | 250 | 09/02/97 | 09/02/02
- -----------|-------|-------------|---------------|---------------|--------------
(bb)D (3) | | | 4,750 | 09/02/97 | 09/02/02
- -----------|-------|-------------|---------------|---------------|--------------
(cc)D (3) | | | 5,000 | 09/03/97 | 09/03/02
- --------------------------------------------------------------------------------
<PAGE>
FORM 4 - Table II (continued)
- --------------------------------------------------------------------------------
(dd)D (3) | | | 17,950 | 09/04/97 | 09/04/02
- -----------|-------|-------------|---------------|---------------|--------------
(ee) A | V | 50,000 | | (2) | 11/20/02
- -----------|-------|-------------|---------------|---------------|--------------
(ff) D (3) | | 1,381 | | 11/28/97 | 11/26/01
- -----------|-------|-------------|---------------|---------------|--------------
(gg) D (3) | | 733 | | 11/28/97 | 11/27/01
- -----------|-------|-------------|---------------|---------------|--------------
(hh) D (3) | | 4,982 | | 11/28/97 | 11/29/01
- -----------|-------|-------------|---------------|---------------|--------------
(ii) D (3) | | 6,883 | | 11/28/97 | 12/02/01
- -----------|-------|-------------|---------------|---------------|--------------
(jj) D (3) | | 6,957 | | 11/28/97 | 12/03/01
- -----------|-------|-------------|---------------|---------------|--------------
(kk) D (3) | | 1,355 | | 11/28/97 | 12/04/01
- -----------|-------|-------------|---------------|---------------|--------------
(ll) D (3) | | 10,000 | | 11/28/97 | 07/17/02
- -----------|-------|-------------|---------------|---------------|--------------
(mm) D (3) | | 6,850 | | 11/28/97 | 007/17/02
- -----------|-------|-------------|---------------|---------------|--------------
(nn) D (3) | | 473 | | 11/28/97 | 07/17/02
- -----------|-------|-------------|---------------|---------------|--------------
(oo) D (3) | | 3,077 | | 11/28/97 | 07/17/02
- -----------|-------|-------------|---------------|---------------|--------------
(pp) D (3) | | 4,350 | | 11/28/97 | 07/22/02
- -----------|-------|-------------|---------------|---------------|--------------
(qq) D (3) | | 700 | | 11/28/97 | 07/23/02
- -----------|-------|-------------|---------------|---------------|--------------
(rr) D (3) | | 5,000 | | 11/28/97 | 07/23/97
- -----------|-------|-------------|---------------|---------------|--------------
(ss) D (3) | | 50 | | 11/28/97 | 07/23/02
- -----------|-------|-------------|---------------|---------------|--------------
(tt) D (3) | | 4,900 | | 11/28/97 | 07/29/02
- -----------|-------|-------------|---------------|---------------|--------------
(uu) D (3) | | 15,000 | | 11/28/97 | 07/30/02
- -----------|-------|-------------|---------------|---------------|--------------
(vv) D (3) | | 3,750 | | 11/28/97 | 08/22/02
- -----------|-------|-------------|---------------|---------------|--------------
(ww) D (3) | | 1,250 | | 11/28/97 | 08/25/02
- -----------|-------|-------------|---------------|---------------|--------------
(xx) D (3) | | 5,037 | | 11/28/97 | 08/25/02
- -----------|-------|-------------|---------------|---------------|--------------
(yy) D (3) | | 950 | | 11/28/97 | 08/25/02
- -----------|-------|-------------|---------------|---------------|--------------
(zz) D (3) | | 250 | | 11/28/97 | 08/26/02
- -----------|-------|-------------|---------------|---------------|--------------
(aaa)D (3) | | 6,350 | | 11/28/97 | 08/28/02
- -----------|-------|-------------|---------------|---------------|--------------
(bbb)D (3) | | 1,000 | | 11/28/97 | 08/29/02
- -----------|-------|-------------|---------------|---------------|--------------
(ccc)D (3) | | 250 | | 11/28/97 | 09/02/02
- -----------|-------|-------------|---------------|---------------|--------------
(ddd)D (3) | | 4,750 | | 11/28/97 | 09/02/02
- -----------|-------|-------------|---------------|---------------|--------------
(eee)D (3) | | 5,000 | | 11/28/97 | 09/03/02
- -----------|-------|-------------|---------------|---------------|--------------
(fff)D (3) | | 17,950 | | 11/28/97 | 09/04/02
- --------------------------------------------------------------------------------
<PAGE>
FORM 4 - Table II (continued)
- --------------------------------------------------------------------------------
7. Title and Amount of Underlying | 8. Price of
Securities (Instr. 3 and 4) | Derivative
- ----------------------------------------------------| Security
Title |Amount or Number| (Instr. 5)
| of Shares |
- -----------------------------------|----------------|---------------------------
(a) Common Stock | 25,000 |
- -----------------------------------|----------------|---------------------------
(b) Common Stock | 43,635 |
- -----------------------------------|----------------|---------------------------
(c) Common Stock | 40,000 |
- -----------------------------------|----------------|---------------------------
(d) Common Stock | 1,381 |
- -----------------------------------|----------------|---------------------------
(e) Common Stock | 733 |
- -----------------------------------|----------------|---------------------------
(f) Common Stock | 4,982 |
- -----------------------------------|----------------|---------------------------
(g) Common Stock | 6,883 |
- -----------------------------------|----------------|---------------------------
(h) Common Stock | 6,957 |
- -----------------------------------|----------------|---------------------------
(i) Common Stock | 1,355 |
- -----------------------------------|----------------|---------------------------
(j) Common Stock | 10,000 |
- -----------------------------------|----------------|---------------------------
(k) Common Stock | 6,850 |
- -----------------------------------|----------------|---------------------------
(l) Common Stock | 473 |
- -----------------------------------|----------------|---------------------------
(m) Common Stock | 3,077 |
- -----------------------------------|----------------|---------------------------
(n) Common Stock | 4,350 |
- -----------------------------------|----------------|---------------------------
(o) Common Stock | 700 |
- -----------------------------------|----------------|---------------------------
(p) Common Stock | 5,000 |
- -----------------------------------|----------------|---------------------------
(q) Common Stock | 50 |
- -----------------------------------|----------------|---------------------------
(r) Common Stock | 4,900 |
- -----------------------------------|----------------|---------------------------
(s) Common Stock | 15,000 |
- -----------------------------------|----------------|---------------------------
(t) Common Stock | 3,750 |
- -----------------------------------|----------------|---------------------------
(u) Common Stock | 1,250 |
- -----------------------------------|----------------|---------------------------
(v) Common Stock | 5,037 |
- -----------------------------------|----------------|---------------------------
(w) Common Stock | 950 |
- -----------------------------------|----------------|---------------------------
(x) Common Stock | 250 |
- -----------------------------------|----------------|---------------------------
(y) Common Stock | 6,350 |
- -----------------------------------|----------------|---------------------------
(z) Common Stock | 1,000 |
- --------------------------------------------------------------------------------
<PAGE>
FORM 4 - Table II (continued)
- --------------------------------------------------------------------------------
(aa) Common Stock | 250 |
- -----------------------------------|----------------|---------------------------
(bb) Common Stock | 4,750 |
- -----------------------------------|----------------|---------------------------
(cc) Common Stock | 5,000 |
- -----------------------------------|----------------|---------------------------
(dd) Common Stock | 17,950 |
- -----------------------------------|----------------|---------------------------
(ee) Common Stock | 50,000 |
- -----------------------------------|----------------|---------------------------
(ff) Common Stock | 1,381 |
- -----------------------------------|----------------|---------------------------
(gg) Common Stock | 733 |
- -----------------------------------|----------------|---------------------------
(hh) Common Stock | 4,982 |
- -----------------------------------|----------------|---------------------------
(ii) Common Stock | 6,883 |
- -----------------------------------|----------------|---------------------------
(jj) Common Stock | 6,957 |
- -----------------------------------|----------------|---------------------------
(kk) Common Stock | 1,355 |
- -----------------------------------|----------------|---------------------------
(ll) Common Stock | 10,000 |
- -----------------------------------|----------------|---------------------------
(mm) Common Stock | 6,850 |
- -----------------------------------|----------------|---------------------------
(nn) Common Stock | 473 |
- -----------------------------------|----------------|---------------------------
(oo) Common Stock | 3,077 |
- -----------------------------------|----------------|---------------------------
(pp) Common Stock | 4,350 |
- -----------------------------------|----------------|---------------------------
(qq) Common Stock | 700 |
- -----------------------------------|----------------|---------------------------
(rr) Common Stock | 5,000 |
- -----------------------------------|----------------|---------------------------
(ss) Common Stock | 50 |
- -----------------------------------|----------------|---------------------------
(tt) Common Stock | 4,900 |
- -----------------------------------|----------------|---------------------------
(uu) Common Stock | 15,000 |
- -----------------------------------|----------------|---------------------------
(vv) Common Stock | 3,750 |
- -----------------------------------|----------------|---------------------------
(ww) Common Stock | 1,250 |
- -----------------------------------|----------------|---------------------------
(xx) Common Stock | 5,037 |
- -----------------------------------|----------------|---------------------------
(yy) Common Stock | 950 |
- -----------------------------------|----------------|---------------------------
(zz) Common Stock | 250 |
- -----------------------------------|----------------|---------------------------
(aaa)Common Stock | 6,350 |
- -----------------------------------|----------------|---------------------------
(bbb)Common Stock | 1,000 |
- -----------------------------------|----------------|---------------------------
(ccc)Common Stock | 250 |
- -----------------------------------|----------------|---------------------------
(ddd)Common Stock | 4,750 |
- -----------------------------------|----------------|---------------------------
(eee)Common Stock | 5,000 |
- -----------------------------------|----------------|---------------------------
(fff)Common Stock | 17,950 |
- --------------------------------------------------------------------------------
<PAGE>
FORM 4 - Table II (continued)
- --------------------------------------------------------------------------------
9. Number of Derivative | 10. Ownership Form | 11. Nature of Indirect
Securities Beneficially| of Derivative | Beneficial
Owned at End of Month | Security: Direct | Ownership
(Instr. 4) | (D) or Indirect | (Instr. 4)
| (I) (Instr. 4) |
- ----------------------------|-----------------------|---------------------------
(a) 25,000 | D |
- ----------------------------|-----------------------|---------------------------
(b) 43,635 | D |
- ----------------------------|-----------------------|---------------------------
(c) 40,000 | D |
- ----------------------------|-----------------------|---------------------------
(d) 0 | D |
- ----------------------------|-----------------------|---------------------------
(e) 0 | D |
- ----------------------------|-----------------------|---------------------------
(f) 0 | D |
- ----------------------------|-----------------------|---------------------------
(g) 0 | D |
- ----------------------------|-----------------------|---------------------------
(h) 0 | D |
- ----------------------------|-----------------------|---------------------------
(i) 0 | D |
- ----------------------------|-----------------------|---------------------------
(j) 0 | D |
- ----------------------------|-----------------------|---------------------------
(k) 0 | D |
- ----------------------------|-----------------------|---------------------------
(l) 0 | D |
- ----------------------------|-----------------------|---------------------------
(m) 0 | D |
- ----------------------------|-----------------------|---------------------------
(n) 0 | D |
- ----------------------------|-----------------------|---------------------------
(o) 0 | D |
- ----------------------------|-----------------------|---------------------------
(p) 0 | D |
- ----------------------------|-----------------------|---------------------------
(q) 0 | D |
- ----------------------------|-----------------------|---------------------------
(r) 0 | D |
- ----------------------------|-----------------------|---------------------------
(s) 0 | D |
- ----------------------------|-----------------------|---------------------------
(t) 0 | D |
- ----------------------------|-----------------------|---------------------------
(u) 0 | D |
- ----------------------------|-----------------------|---------------------------
(v) 0 | D |
- ----------------------------|-----------------------|---------------------------
(w) 0 | D |
- ----------------------------|-----------------------|---------------------------
(x) 0 | D |
- ----------------------------|-----------------------|---------------------------
(y) 0 | D |
- ----------------------------|-----------------------|---------------------------
(z) 0 | D |
- ----------------------------|-----------------------|---------------------------
(aa) 0 | D |
- ----------------------------|-----------------------|---------------------------
(bb) 0 | D |
- ----------------------------|-----------------------|---------------------------
(cc) 0 | D |
- ----------------------------|-----------------------|---------------------------
(dd) 0 | D |
- ----------------------------|-----------------------|---------------------------
(ee) 50,000 | D |
- ----------------------------|-----------------------|---------------------------
(ff) 1,381 | D |
- ----------------------------|-----------------------|---------------------------
(gg) 733 | D |
- ----------------------------|-----------------------|---------------------------
(hh) 4,982 | D |
- ----------------------------|-----------------------|---------------------------
(ii) 6,883 | D |
- ----------------------------|-----------------------|---------------------------
(jj) 6,957 | D |
- --------------------------------------------------------------------------------
<PAGE>
FORM 4 - Table II (continued)
- --------------------------------------------------------------------------------
(kk) 1,355 | D |
- ----------------------------|-----------------------|---------------------------
(ll) 10,000 | D |
- ----------------------------|-----------------------|---------------------------
(mm) 6,850 | D |
- ----------------------------|-----------------------|---------------------------
(nn) 473 | D |
- ----------------------------|-----------------------|---------------------------
(oo) 3,077 | D |
- ----------------------------|-----------------------|---------------------------
(pp) 4,350 | D |
- ----------------------------|-----------------------|---------------------------
(qq) 700 | D |
- ----------------------------|-----------------------|---------------------------
(rr) 5,000 | D |
- ----------------------------|-----------------------|---------------------------
(ss) 50 | D |
- ----------------------------|-----------------------|---------------------------
(tt) 4,900 | D |
- ----------------------------|-----------------------|---------------------------
(uu) 15,000 | D |
- ----------------------------|-----------------------|---------------------------
(vv) 3,750 | D |
- ----------------------------|-----------------------|---------------------------
(ww) 1,250 | D |
- ----------------------------|-----------------------|---------------------------
(xx) 5,037 | D |
- ----------------------------|-----------------------|---------------------------
(yy) 950 | D |
- ----------------------------|-----------------------|---------------------------
(zz) 250 | D |
- ----------------------------|-----------------------|---------------------------
(aaa) 6,350 | D |
- ----------------------------|-----------------------|---------------------------
(bbb) 1,000 | D |
- ----------------------------|-----------------------|---------------------------
(ccc) 250 | D |
- ----------------------------|-----------------------|---------------------------
(ddd) 4,750 | D |
- ----------------------------|-----------------------|---------------------------
(eee) 5,000 | D |
- ----------------------------|-----------------------|---------------------------
(fff) 17,950 | D |
- --------------------------------------------------------------------------------
<PAGE>
Explanation of Responses:
1. Options have ten year terms, 0% exercisable on date of grant, 33%
exercisable on first anniversary, 66% exercisable on second anniversary,
and 100% exercisable on third anniversary.
2. Warrants have five year terms, 20% exercisable on date of grant. The
remaining 80% are exercisable on the third anniversary of date of grant or,
if earlier, in incremental installments of 20% of the total number of
option shares for each 2-point increase in the market price of the
company's stock above the exercise price which is maintained or exceeded
for 10 consecutive trading days.
3. The Common Stock Purchase Warrants, which have previously been granted
under the Company's Warrant Reload Plan, were exchanged by the Reporting
Person for non-qualified options granted under the Company's 1993 Incentive
Stock Option Plan, as amended, with the same terms as the Warrants that
were exchanged. This transaction was approved by the Compensation Committee
of the Issuer in accordance with Rules 16b-3(d) and (e).
/s/David S. Lawi
by Marcia H.Kendrick 12/09/97
--------------------------------- -----------
**Signature of Reporting Person Date
** Intentional misstatements or omission of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
AUTHORIZATION
The undersigned, David S. Lawi hereby authorizes Marcia Kendrick to execute
any Form 3, Form 4, or Form 5 to be filed with the Securities and Exchange
Commission with respect to Seitel, Inc. for a period of one year from the date
hereof.
Date: August 1, 1997
/s/ David S. Lawi
------------------------------
David S. Lawi