MIND TECHNOLOGY, INC — Director's Dealing 2006

Sep 12, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2006-09-11

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-09-11	Common Stock	A	9000	$0.00	Acquired	343500	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	59594	Indirect

Footnotes

F1: Restricted Stock vests 1/3 each year for 3 years beginning on 9/11/2007 and being fully vested on 9/11/2009.

F2: Mr. Mitcham holds these shares in two trusts for his sons.