CRAIG WALTER M JR 4
4 · SEITEL INC · Filed Aug 4, 2004
Insider Transaction Report
Form 4
SEITEL INCSELA
CRAIG WALTER M JR
Other
Transactions
- Exercise of In-Money
Common Stock, par value $.01 per share
2004-07-30$0.60/sh+4,926$2,956→ 6,684 total - Exercise of In-Money
Common Stock Purchase Warrants
2004-07-30$0.60/sh−1,000$600→ 0 totalExercise: $0.60From: 2004-07-02Exp: 2004-08-02→ Common Stock (4,926 underlying)
Footnotes (3)
- [F1]On 07/30/04, the Reporting Person exercised 1,000 common stock purchase warrants received pursuant to the Issuer's Third Amended Joint Plan of Reorganization, which became effective as of 07/02/04 (the "Effective Date"). Each common stock purchase warrant represented the right to purchase 4.926 shares of the Issuer's reorganized common stock, at an exercise price of $.60 per share, exercisable at any time during the period commencing on the Effective Date and ending at 5:00 p.m., New York City time, on 08/02/04.
- [F2]The issuance of such common stock purchase warrants were exempt from Section 16 pursuant to Rule 16a-9.
- [F3]Immediately following the exercise of 1,000 common stock purchase warrants on 07/30/04, the Reporting Person retained beneficial ownership of 758 common stock purchase warrants, which expired on 08/02/04. Accordingly, as of the date hereof, the Reporting Person no longer has a beneficial ownership interest in any of the Issuer's common stock purchase warrants.