UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
1. Name and Address of Reporting Person(s)
Herbert M. Pearlman
50 Briar Hollow Lane, 7th Floor W.
Houston, Texas
77027
2. Issuer Name and Ticker or Trading Symbol
Seitel, Inc. - Options (SEI)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
4. Statement for Month/Year
10/00
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[X] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
Director
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code V Amount D Price End of Month I
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<S> <C> <C> <C> <C><C> <C> <C><C>
Common Stock 10/24/00 M 15,000 A $11.57434
Common Stock 10/24/00 S 15,000 D $16.875 533,691 D
Common Stock 10/24/00 M 15,000 A $11.57434 I By spouse
Common Stock 10/24/00 S 15,000 D $16.875 4,554 I By spouse
<CAPTION>
Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
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1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code V A D Exercisable Expiration
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<S> <C> <C> <C> <C> <C> <C> <C>
Warrants-right to buy $11.57434 10/24/00 M 15,000 10/02/98 10/02/03
Warrants-right to buy $11.57434 10/24/00 M 15,000 10/02/98 10/02/03
Warrants-right to buy $16.875 10/24/00 A 75,000 10/24/00 10/02/03
Warrants-right to buy $16.875 10/24/00 G 60,000 10/24/00 10/02/03
Warrants-right to buy $16.875 10/24/00 G 15,000 10/24/00 10/02/03
<CAPTION>
Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
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1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of
Security action of Underlying of Deri- Derivative Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
Title Shares End of Month
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<S> <C> <C> <C> <C> <C> <C> <C>
Warrants-right to buy 10/24/00 Common Stock 15,000 - D
Warrants-right to buy 10/24/00 Common Stock 15,000 - I By spouse
Warrants-right to buy 10/24/00 Common Stock 75,000 D
Warrants-right to buy 10/24/00 Common Stock 60,000 15,000 D
Warrants-right to buy 10/24/00 Common Stock 15,000 15,000 I By spouse
<FN>
Explanation of Responses:
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/s/ By: Marcia H. Kendrick
For: Herbert M. Pearlman
DATE: 11/09/00
