MIND TECHNOLOGY, INC — Director's Dealing 2006

Jan 30, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2006-01-27

Reporting Person: LEWIS R DEAN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-27	Common Stock	M	1000	$7.38	Acquired	5000	Direct
2006-01-27	Common Stock	M	5000	$4.06	Acquired	10000	Direct
2006-01-27	Common Stock	M	15000	$5.13	Acquired	25000	Direct
2006-01-27	Common Stock	M	15000	$5.00	Acquired	40000	Direct
2006-01-27	Common Stock	S	1000	$24.12	Disposed	39000	Direct
2006-01-27	Common Stock	S	10000	$24.03	Disposed	29000	Direct
2006-01-27	Common Stock	S	15000	$24.00	Disposed	14000	Direct
2006-01-27	Common Stock	S	7500	$24.02	Disposed	6500	Direct
2006-01-27	Common Stock	S	2500	$24.01	Disposed	4000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-27	Stock Option (Right to Buy)	$7.38	M	1000	Disposed	1997-06-12	Common Stock (1000)	Direct
2006-01-27	Stock Option (Right to Buy)	$4.06	M	5000	Disposed	2000-07-23	Common Stock (5000)	Direct
2006-01-27	Stock Option (Right to Buy)	$5.13	M	15000	Disposed	2001-07-27	Common Stock (15000)	Direct
2006-01-27	Stock Option (Right to Buy)	$5.00	M	15000	Disposed	2002-07-18	Common Stock (15000)	Direct