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PROSPECTUS SUPPLEMENT Filed Pursuant to Rule 424(b)(3)
(TO PROSPECTUS DATED SEPTEMBER 14, 1998) Registration No. 333-63383
SEITEL, INC.
812,500 Shares of Common Stock
This prospectus supplement supplements the prospectus dated September 14,
1998 of Seitel, Inc. relating to the offer and sale by certain of our officers
and directors of 812,500 shares of our common stock which were acquired, or may
be acquired, upon exercise of the warrants that were originally purchased under
our Amended and Restated 1998 Employee Stock Purchase Plan. This prospectus
supplement should be read in conjunction with our prospectus dated September 14,
1998, and this prospectus supplement is qualified by reference to the
prospectus, except to the extent that the information in this prospectus
supplement replaces the information in the prospectus.
The address of our principal executive office is 50 Briar Hollow Lane, West
Building, 7th Floor, Houston, Texas 77027, and our telephone number is
(713)881-8900.
THE DATE OF THIS PROSPECTUS SUPPLEMENT IS DECEMBER 5, 2000.
This prospectus supplement updates and restates in its entirety the
information set forth under the caption "Selling Stockholders" in the prospectus
as set forth below. This prospectus supplement also amends the "Plan of
Distribution" section in the prospectus as set forth below.
SELLING STOCKHOLDERS
The selling stockholders named in the table below may use this prospectus
supplement and the accompanying prospectus to sell from time to time up to
393,000 shares of common stock. The selling stockholders acquired, or may
acquire, these shares of our common stock under our Amended and Restated 1998
Employee Stock Purchase Plan or pursuant to the exercise of the original
warrants purchased under our Amended and Restated 1998 Employee Stock Purchase
Plan.
The table provides (i) the name of each selling stockholder and their
position or relationship with the company, (ii) the number of shares of common
stock currently owned by each selling stockholder, (iii) the number of shares
which may be offered hereby by each selling stockholder and (iv) the percentage
of the outstanding common stock to be owned by each selling stockholder upon
completion of the offering if all offered shares are sold. We obtained certain
of this information from the selling stockholders and other sources which we
have not verified.
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<TABLE>
<CAPTION>
NUMBER OF
SHARES PERCENT OF
BENEFICIALLY NUMBER OF SHARES SHARES OWNED SHARES OWNED
OWNED BEFORE OFFERED AFTER THE AFTER THE
NAME AND POSITION THE OFFERING (1) HEREUNDER (2) OFFERING (3) OFFERING
----------------- ---------------- ---------------- ------------ ------------
<S> <C> <C> <C> <C>
Herbert M. Pearlman
Chairman of the Board 1,358,827 75,000 1,283,827 5.1%
Paul A. Frame
Chief Executive Officer,
President and Director 1,762,730 112,500 1,650,230 6.4%
Debra D. Valice
Chief Financial Officer, Executive
Vice President and Director 399,892 100,000 299,892 1.2%
Marcia H. Kendrick
Chief Accounting Officer 150,625 50,000 100,625 *
Russell J. Hoffman
Vice President, Corporate Communications 216,667 50,000 166,667 *
Walter M. Craig, Jr.
Director 76,562 5,500 71,062 *
</TABLE>
* Less than 1%
(1) Includes shares that may be acquired upon exercise of options and warrants
that are exercisable within 60 days of the date hereof.
(2) Includes shares that may be acquired upon exercise of warrants, whether or
not exercisable within 60 days of the date hereof.
(3) Assumes that all shares that may be offered are sold.
PLAN OF DISTRIBUTION
The plan of distribution is amended to include as "selling stockholders"
pledgees, donees, transferees or other successors-in-interest selling shares
received from a named selling stockholder as a gift, partnership distribution or
other non-sale related transfer after the date of this prospectus supplement.
