MIND TECHNOLOGY, INC — Director's Dealing 2007

Oct 29, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2007-03-31

Reporting Person: Malden Guy (VP - Marine Systems)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-31	MIND Common Stock	F	177	$14.65	Disposed	9823	Direct
2007-09-11	MIND Common Stock	F	529	$17.09	Disposed	9294	Direct
2007-10-26	MIND Common Stock	S	703	$21.43	Disposed	8591	Direct
2007-10-26	MIND Common Stock	S	100	$21.47	Disposed	8491	Direct
2007-10-26	MIND Common Stock	S	197	$21.48	Disposed	8294	Direct
2007-10-26	MIND Common Stock	S	200	$21.49	Disposed	8094	Direct

Footnotes

F1: Shares were granted at $16.64. Fair market value on vesting date was $14.65

F2: Shares were granted at $10.59. Fair market value on vesting date was $17.09