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MIND TECHNOLOGY, INC Director's Dealing 2004

Mar 4, 2004

34449_dirs_2004-03-04_27b006c1-ae85-49f7-abcb-11cf1585a1b9.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2004-03-02

Reporting Person: CHANEY R & PARTNERS IV LP (10% Owner)
Reporting Person: CHANEY R & PARTNERS III LP (10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2004-03-02 Mitcham Industries, Inc. Common Stock S 31500 $4.374 Disposed 973300 Direct
2004-03-02 Mitcham Industries, Inc. Common Stock S 118500 $4.374 Disposed 854800 Direct
2004-03-03 Mitcham Industries, Inc. Common Stock S 10500 $4.38 Disposed 844300 Direct
2004-03-03 Mitcham Industries, Inc. Common Stock S 39500 $4.38 Disposed 804800 Direct

Footnotes

F1: These securities are owned soley by R. Chaney & Partners III L.P., who is a member of a "group" with R. Chaney Partners IV L.P. for purposes of Section 13(d) of the Exchange Act.

F2: The amount of securities set forth in Column 5 includes the aggregate of securities held by R. Chaney & Partners III L.P. and R. Chaney & Partners IV L.P.

F3: These securities are owned soley by R. Chaney & Partners IV L.P., who is a member of a "group" with R. Chaney & Partners III L.P. for purposes of Section 13(d) of the Exchange Act.