FORM 4

[   ]   Check this box if no longer subject to Section 16.
        Form 4 or Form 5 obligations may continue. See Instruction 1(b).         (Print or Type Responses)

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*

             Seitel, Inc.                      SEI

(Check all applicable)

(Last)     (First)     (Middle)

Pearlman, Herbert M.

3.  I.R.S. Identification     Number of Reporting     Person, if an entity     (voluntary)

          May 2001

  X Director
     Officer (give title below)

     10% Owner
     Other (specify below)

(Street)
50 Briar Hollow Lane, 7th Floor West
Houston, Texas 77027

5.  If Amendment, Date of     Original (Month/Year)

      Form filed by More than One Reporting Person

(City)     (State)     (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

2.  Transaction Date
    (Month/Day/Year)

3.  Transaction     Code
    (Instr. 8)

4.  Securities Acquired (A)
    or Disposed of (D)
    (Instr. 3, 4 and 5)

5.  Amount of Securities     Beneficially Owned at End of     Month
    (Instr. 3 and 4)

6.  Ownership     Form: Direct
    (D) or Indirect
    (I)
    (Instr. 4)

7.  Nature of     Indirect     Beneficial     Ownership
    (Instr. 4)

Code

V

Amount

(A) or (D)

Price

Common stock, par value $.01

05/15/01

S

2,000

D

19.24

Common stock, par value $.01

05/15/01

S

4,000

D

19.20

Common stock, par value $.01

05/15/01

S

100

D

19.35

Common stock, par value $.01

05/15/01

S

800

D

19.38

Common stock, par value $.01

05/16/01

S

1,000

D

19.60

Common stock, par value $.01

05/16/01

S

2,000

D

19.40

Common stock, par value $.01

05/16/01

S

600

D

19.42

Common stock, par value $.01

05/16/01

S

1,000

D

19.29

Common stock, par value $.01

05/16/01

S

1,000

D

19.25

Common stock, par value $.01

05/16/01

S

1,500

D

19.45

Common stock, par value $.01

05/16/01

S

500

D

19.36

Common stock, par value $.01

05/16/01

S

1,000

D

19.32

Common stock, par value $.01

05/17/01

S

250

D

19.44

Common stock, par value $.01

05/17/01

S

250

D

19.40

Common stock, par value $.01

05/17/01

S

250

D

19.41

Common stock, par value $.01

05/17/01

S

250

D

19.35

Common stock, par value $.01

05/17/01

S

500

D

19.33

Common stock, par value $.01

05/17/01

S

1,000

D

19.30

Common stock, par value $.01

05/18/01

S

1,000

D

19.74

Common stock, par value $.01

05/18/01

S

500

D

19.65

Common stock, par value $.01

05/18/01

S

1,500

D

19.59

Common stock, par value $.01

05/18/01

S

1,000

D

19.55

Common stock, par value $.01

05/18/01

S

1,000

D

19.60

Common stock, par value $.01

05/18/01

S

1,000

D

19.75

Common stock, par value $.01

05/18/01

S

3,000

D

19.73

Common stock, par value $.01

05/18/01

S

1,000

D

19.70

Common stock, par value $.01

05/21/01

S

1,000

D

19.79

Common stock, par value $.01

05/22/01

S

800

D

19.75

Common stock, par value $.01

05/22/01

S

750

D

19.79

Common stock, par value $.01

05/22/01

S

250

D

19.71

403,117

D

Common stock, par value $.01

4,554

I

By Spouse

 Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1.  Title of     Derivative     Security
    (Instr.3)

3.  Transaction Date
    (Month/Day/Year)

4.  Transaction     Code
    (Instr. 8)

7.  Title and Amount of
     Underlying Securities
     (Instr. 3 and 4)

8.  Price of     Derivative    Security
    (Instr. 5)

9.  Number of     Derivative     Securities     Beneficially     Owned at     End of     Month
    (Instr. 4)

10.  Ownership       Form of       Derivative       Securities       Beneficially        Owned at       End of       Month
      (Instr. 4)

11.  Nature of       Indirect       Beneficial       Ownership
      (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

845,582

D

15,000

I

By Spouse

Explanation of Responses:

By:

     Herbert M. Pearlman               
/s/ Marcia H. Kendrick                  

             6/8/01             

**Signature of Reporting Person

Date

Reminder:   Report on a separate line for each class of securities beneficially owned directly or indirectly.

             *   If the form is filed by more than one reporting person, see Instruction 4(b)(v).

            **   Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a) .

      Note:   File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.