MIND TECHNOLOGY, INC — Director's Dealing 2004

Sep 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2004-09-01

Reporting Person: BLUM PETER H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-01	Common Stock	A	8000	—	Acquired	247379	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-01	Stock Option (Right to Buy)	$4.75	A	50000	Acquired	2014-09-01	Common Stock (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5500	Indirect

Footnotes

F1: Subject to one year vesting requirement.

F2: Includes 2,000 shares owned by Peter Blum's spouse and 3,500 shares owned by Mr. Blum's minor son.