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(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person*

 Goldstein, Leonard M.

2. Date of Event
Requiring Statement
(Month/Day/Year)

02/22/03

4. Issuer Name and Ticker or Trading Symbol

Seitel, Inc.                          SEI

(Last)         (First)         (Middle)

10811 S. Westview Circle

Building C, Suite 100

(Street)


Houston, Texas 77043

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

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__ Director

__ 10% Owner 

 X  Officer (give title below)

__ Other (specify below)

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

(City)       (State)         (Zip)

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 I -- Non-Derivative Securities Beneficially Owned

1. Title of Security
(Instr. 4)

2. Amount of Securities Beneficially Owned
(Instr. 4)

3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)

4. Nature of Indirect Beneficial Ownership
(Instr. 5)

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

1. Title of Derivative Security
(Instr. 4)

2. Date Exer-
cisable and
Expiration
Date
(Month/Day/Year)

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

4. Conver-
sion or
Exercise
Price of
Deri-
vative
Security

5. Owner-
ship
Form of
Deriv-
ative
Securities:
Direct
(D) or
Indirect
(I)
(Instr. 5)

6. Nature of Indirect
Beneficial Ownership
(Instr. 5)

Date
Exercisable

Expiration
Date

  Title  

Amount or
Number of
Shares

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

Explanation of Responses:

by: Leonard M. Goldstein     
**Signature of Reporting Person

   2/22/03   
Date

*

If the form is filed by more than one reporting person, see Instruction 5(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.