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FORM 3 OMB APPROVAL
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- ----------- OMB Number 3235-0104
Expires: February 1, 1994
Estimated average burden
hours per response......0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL 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
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1. Name and Address of Reporting Person | 2. Date of Event Requiring
| Statement
Zeidman Fred S. | (Month/Day/Year)
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(Last) (First) (Middle) | 09/05/97
|-----------------------------
| 3. IRS or Social Security
50 Briar Hollow,7th Floor West | Number of Reporting
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(Street) |
|
Houston, Texas 77027 |
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(City) (State) (Zip) |
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4. Issuer Name and Ticker or Trading Symbol Seitel, Inc. SEI
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5. Relationship of Reporting Person | 6. If Amendment, | 7. Individual or
to Issuer (Check all applicable) | Date of | Joint/Group
X Director 10% Owner | Original | Filing
----- ----- | (Month/Day/ |
Officer Other | Year) | X Form filed by
----- ----- | | --- One Reporting
(give title below) (specify below) | | Person
| |
| | Form filed by
| | --- more than One
| | Reporting
| | Person
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Table I - Non-Derivative Securities Beneficially Owned
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1. Title of Security | 2. Amount of Securities
(Inst. 4) | Beneficially Owned
| (Instr. 4)
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Common Stock, par value $.01 | 4,000
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|
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|
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|
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3. Ownership Form: Direct (D) | 4. Nature of Indirect
or Indirect (I) | Beneficial Ownership
(Instr. 5) | (Instr. 5)
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D |
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|
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|
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|
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<PAGE>
FORM 3 (continued)
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Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security | 2. Date Exercisable
(Instr. 4) | and Expiration Date
| (Month/Day/Year)
|--------------------------
| Date | Expiration
| Exercisable | Date
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Options - Right to Buy | (1) | 09/05/02
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| |
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| |
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| |
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| |
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| |
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3. Title and Amount of |4. Conver- |5. Ownership |6.Nature of
Securities Underlying | sion or | Form of | Indirect
Derivative Security | Exercise | Derivative | Beneficial
(Instr. 4) | Price of | Security: | Ownership
- --------------------------------------| Deri- | Direct | (Instr. 5)
|Amount | vative | (D) or |
Title | or | Security | Indirect |
|Number | | (I) |
| of | | (Instr. 5) |
|Shares | | |
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Common Stock | 5,000 | 41.25 | D |
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| | | |
- ------------------------------|-------|-------------|--------------|------------
| | | |
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| | | |
- ------------------------------|-------|-------------|--------------|------------
| | | |
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| | | |
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Explanation of Responses:
1. Options have 5 year term, 100% exercisable on first anniversary.
/s/Fred S. Zeidman
by Marcia Kendrick 09/12/97
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**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, Fred S. Zeidman 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: September 5, 1997
/s/ Fred S. Zeidman
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Fred S. Zeidman
