MIND TECHNOLOGY, INC — Director's Dealing 2007

Oct 16, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2007-10-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-15	MII Common Stock	S	50	$20.22	Disposed	246136	Direct
2007-10-16	MII Common Stock	S	11494	$20.10	Disposed	234642	Direct
2007-10-16	MII Common Stock	S	500	$20.11	Disposed	234142	Direct
2007-10-16	MII Common Stock	S	406	$20.12	Disposed	233736	Direct
2007-10-16	MII Common Stock	S	500	$20.13	Disposed	233236	Direct
2007-10-16	MII Common Stock	S	1400	$20.14	Disposed	231836	Direct
2007-10-16	MII Common Stock	S	100	$20.145	Disposed	231736	Direct
2007-10-16	MII Common Stock	S	700	$20.15	Disposed	231036	Direct
2007-10-16	MII Common Stock	S	600	$20.16	Disposed	230436	Direct
2007-10-16	MII Common Stock	S	300	$20.165	Disposed	230136	Direct
2007-10-16	MII Common Stock	S	1244	$20.17	Disposed	228892	Direct
2007-10-16	MII Common Stock	S	1300	$20.18	Disposed	227592	Direct
2007-10-16	MII Common Stock	S	100	$20.185	Disposed	227492	Direct
2007-10-16	MII Common Stock	S	850	$20.19	Disposed	226642	Direct
2007-10-16	MII Common Stock	S	14335	$20.20	Disposed	212307	Direct
2007-10-16	MII Common Stock	S	1800	$20.21	Disposed	210507	Direct
2007-10-16	MII Common Stock	S	607	$20.22	Disposed	209900	Direct
2007-10-16	MII Common Stock	S	1070	$20.23	Disposed	208830	Direct
2007-10-16	MII Common Stock	S	100	$20.24	Disposed	208730	Direct
2007-10-16	MII Common Stock	S	200	$20.26	Disposed	208530	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
MII Common Stock	3100	Indirect

Footnotes

F1: The shares are owned by Mr. Mitcham's spouse.