MIND TECHNOLOGY, INC — Director's Dealing 2004

Dec 22, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2004-12-17

Reporting Person: MITCHAM BILLY F JR (Director, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-17	Common Stock	A	4000	$5.99	Acquired	297000	Direct
2004-12-20	Common Stock	A	200	$5.95	Acquired	297200	Direct
2004-12-20	Common Stock	A	413	$5.96	Acquired	297613	Direct
2004-12-20	Common Stock	A	1087	$5.98	Acquired	298700	Direct
2004-12-20	Common Stock	A	500	$6.01	Acquired	299200	Direct
2004-12-20	Common Stock	A	100	$5.99	Acquired	299300	Direct
2004-12-20	Common Stock	A	300	$6.14	Acquired	299600	Direct
2004-12-20	Common Stock	A	100	$6.09	Acquired	299700	Direct
2004-12-20	Common Stock	A	1000	$6.15	Acquired	300700	Direct
2004-12-20	Common Stock	A	600	$6.20	Acquired	301300	Direct
2004-12-20	Common Stock	A	200	$6.23	Acquired	301500	Direct
2004-12-20	Common Stock	A	100	$6.05	Acquired	301600	Direct
2004-12-21	Common Stock	A	5050	$6.10	Acquired	306650	Direct
2004-12-21	Common Stock	A	5000	$6.15	Acquired	311650	Direct
2004-12-21	Common Stock	A	1350	$6.14	Acquired	313000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	57594	Indirect

Footnotes

F1: Mr. Mitcham holds these shares in two trusts for his sons.