X0202 4 2007-01-03 0 0000750813 SEITEL INC SELA 0000937541 KAMIN PETER H 265 FRANKLIN STREET, 16TH FLOOR BOSTON MA 02110 1 0 1 0 0001129787 VA PARTNERS LLC 435 PACIFIC AVENUE FOURTH FLOOR SAN FRANCISCO CA 94133 0 0 1 0 0001351069 ValueAct Capital Management, L.P. 435 PACIFIC AVENUE, 4TH FLOOR SAN FRANCISCO CA 94133 0 0 1 0 0001351073 ValueAct Capital Management, LLC 435 PACIFIC AVENUE, 4TH FLOOR SAN FRANCISCO CA 94133 0 0 1 0 0001159187 UBBEN JEFFREY W 435 PACIFIC AVENUE, FOURTH FLOOR SAN FRANCISCO CA 94133 0 0 1 0 Common Stock, par value $.01 2007-01-03 4 A 0 25000 A 51268012 D Common Stock, par value $.01 2007-01-03 4 A 0 25000 A 51293012 I See Footnote Received as Peter H. Kamin's compensation for services as director. Grant is of restricted stock that vests as follows: one-third of the restricted stock vests one year from the date of grant, an additional one-third vests two years from date of grant, and the remaining one-third vests three years from the date of grant. Not a required reportable field. Received by Gregory P. Spivy as compensation for services as director. Grant is of restricted stock that vests as follows: one-third of the restricted stock vests one year form the date of grant, an additional one-third vests two years from the date of grant, and the remaining one-third vests three years from the date of grant. Under an agreement with ValueAct Capital Master Fund, L.P., both Peter H. Kamin and Gregory P. Spivy are deemed to hold the restricted stock for the benefit of ValueAct Capital Master Fund, L.P. and indirectly for (i) VA Partners, L.L.C as General Partner of ValueAct Capital Master Fund, L.P. (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund, L.P. and (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management L.P. Peter H. Kamin is a director of Seitel, Inc. and Managing Member of VA Partners, LLC and ValueAct Capital Management, L.P. Jeffrey W. Ubben and George F. Hamel, Jr. are Managing Members of VA Partners, L.L.C. and ValueAct Capital Management, LLC. Gregory P. Spivy is a director of Seitel, Inc. and Non-Managing Member of VA Partners, L.L.C. and ValueAct Capital Management, LLC. The reporting persons disclaim beneficial ownership of the reported stock except to the extent of their pecuniary interest therein. Joint Filer Information: Name: ValueAct Capital Master Fund, L.P., Address: 435 Pacific Avenue, Fourth Floor, San Francisco, CA 94133 Designated Filer: Peter H. Kamin Issuer and Ticker Symbol: Seitel, Inc. (SELA) Date of Event Requiring Statement: January 3, 2007 Name: ValueAct Capital Management, L.P. Address: 435 Pacific Avenue, Fourth Floor, San Francisco, CA 94133 Designated Filer: Peter H. Kamin Issuer and Ticker Symbol: Seitel, Inc. (SELA) Date of Event Requiring Statement: January 3, 2007 Name: ValueAct Capital Management, LLC Address: 435 Pacific Avenue, Fourth Floor, San Francisco, CA 94133 Designated Filer: Peter H. Kamin Issuer and Ticker Symbol: Seitel, Inc. (SELA) Date of Event Requiring Statement: January 3, 2007 Name: VA Partners, L.L.C. Address: 435 Pacific Avenue, Fourth Floor, San Francisco, CA 94133 Designated Filer: Peter H. Kamin Issuer and Ticker Symbol: Seitel, Inc. (SELA) Date of Event Requiring Statement: January 3, 2007 Name: Jeffrey W. Ubben Address: 435 Pacific Avenue, Fourth Floor, San Francisco, CA 94133 Designated Filer: Peter H. Kamin Issuer and Ticker Symbol: Seitel, Inc. (SELA) Date of Event Requiring Statement: January 3, 2007 Name: George F. Hamel, Jr. Address: 435 Pacific Avenue, Fourth Floor, San Francisco, CA 94133 Designated Filer: Peter H. Kamin Issuer and Ticker Symbol: Seitel, Inc. (SELA) Date of Event Requiring Statement: January 3, 2007 /s/ Peter H. Kamin 2007-01-05 VA PARTNERS, L.L.C., By:/s/ George F. Hamel. Jr., Managing Member 2007-01-05 VALUEACT CAPITAL MASTER FUND, L.P., By: VA PARTNERS, L.L.C., its General Partner, By:/s/ George F. Hamel. Jr., Managing Member 2007-01-05 VALUEACT CAPITAL MANAGEMENT, L.P., By: VALUEACT CAPITAL MANAGEMENT, LLC, its General Partner, By:/s/ George F. Hamel. Jr., Managing Member 2007-01-05 VALUEACT CAPITAL MANAGEMENT, LLC, By:/s/ George F. Hamel. Jr., Managing Member 2007-01-05 /s/ Jeffrey W. Ubben 2007-01-05 /s/ George F. Hamel, Jr. 2007-01-05