- ----------- -----------------------------
| 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
Craig, Walter M., Jr. |
- --------------------------------------------------| Seitel, Inc. SEI
(Last) (First) (Middle) |
|-----------------------------
Galleria Atrium | 3. IRS or Social Security
2 Bridge Avenue | Number of Reporting
- --------------------------------------------------| Person(Voluntary)
(Street) |
|
Redbank, NJ 07701 |
- --------------------------------------------------|
(City) (State) (Zip) |
- --------------------------------------------------------------------------------
4. Statement for Month/Year October, 1998
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
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, Par Value $.01 | 10/02/98
- ----------------------------------------------------|---------------------------
|
- ----------------------------------------------------|---------------------------
|
- ----------------------------------------------------|---------------------------
|
- --------------------------------------------------------------------------------
<PAGE>
FORM 4 - Table I (continued)
- --------------------------------------------------------------------------------
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) I | | 6,250 | A | 10.3125
- -----------|----------------|------------------|--------------------|-----------
| | | |
- -----------|----------------|------------------|--------------------|-----------
| | | |
- -----------|----------------|------------------|--------------------|-----------
| | | |
- --------------------------------------------------------------------------------
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) 7,017 | D |
- ---------------------------|------------------------|---------------------------
| |
- ---------------------------|------------------------|---------------------------
| |
- ---------------------------|------------------------|---------------------------
| |
- --------------------------------------------------------------------------------
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) Employee Warrants | 16.00 |
- --------------------------------------------|----------------|------------------
(b) Employee Warrants | 16.00 |
- --------------------------------------------|----------------|------------------
(c) Employee Warrants | 21.4375 |
- --------------------------------------------|----------------|------------------
(d) Employee Warrants | 21.28125 |
- --------------------------------------------|----------------|------------------
(d) Warrants - Right to Buy | 11.75 | 10/02/98
- --------------------------------------------------------------------------------
<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) | | | | 4/28/95 | 12/10/00
- -----------|-------|-------------|---------------|---------------|--------------
(b) | | | | 4/28/95 | 4/28/00
- -----------|-------|-------------|---------------|---------------|--------------
(c) | | | | 9/15/97 | 9/15/02
- -----------|-------|-------------|---------------|---------------|--------------
(d) | | | | 9/15/97 | 9/15/02
- -----------|-------|-------------|---------------|---------------|--------------
(e) I | | 6,250 | | 10/02/98 | 10/02/03
- --------------------------------------------------------------------------------
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 | 21,230 |
- -----------------------------------|----------------|---------------------------
(b) Common Stock | 21,230 |
- -----------------------------------|----------------|---------------------------
(c) Common Stock | 1,044 |
- -----------------------------------|----------------|---------------------------
(d) Common Stock | 17,800 |
- -----------------------------------|----------------|---------------------------
(e) Common Stock | 6,250 |
- --------------------------------------------------------------------------------
<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) 21,230 | D |
- ----------------------------|-----------------------|---------------------------
(b) 21,230 | D |
- ----------------------------|-----------------------|---------------------------
(c) 1,044 | D |
- ----------------------------|-----------------------|---------------------------
(d) 17,800 | D |
- ----------------------------|-----------------------|---------------------------
(e) 6,250 | D |
- --------------------------------------------------------------------------------
Explanation of Responses:
Notes to Tables I and II:
All share and per share amounts have been adjusted to reflect the
two-for-one stock split in the form of a dividend which was effective
December 12, 1997. The adjustments to the options and warrants were made
pursuant to the terms of the option and warrant plans.
/s/ Walter M. Craig, Jr.
(by Marcia H. Kendrick) 11/09/98
--------------------------------- -----------
**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, Walter M. Craig, Jr. 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, 1998
/s/ Walter M. Craig, Jr.
------------------------------
Walter M. Craig, Jr.
