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MIND TECHNOLOGY, INC Director's Dealing 2007

Oct 12, 2007

34449_dirs_2007-10-12_1abef5a9-1ab3-4747-9878-a824dbaf88a4.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: 2007-10-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-10	MII Common Stock	S	16843	$20.15	Disposed	289233	Direct
2007-10-10	MII Common Stock	S	9650	$20.16	Disposed	279583	Direct
2007-10-10	MII Common Stock	S	185	$20.17	Disposed	279398	Direct
2007-10-10	MII Common Stock	S	600	$20.18	Disposed	278798	Direct
2007-10-10	MII Common Stock	S	400	$20.19	Disposed	278398	Direct
2007-10-10	MII Common Stock	S	1100	$20.22	Disposed	277298	Direct
2007-10-10	MII Common Stock	S	100	$20.23	Disposed	277198	Direct
2007-10-10	MII Common Stock	S	100	$20.24	Disposed	277098	Direct
2007-10-11	MII Common Stock	S	12620	$20.20	Disposed	264478	Direct
2007-10-11	MII Common Stock	S	100	$20.205	Disposed	264378	Direct
2007-10-11	MII Common Stock	S	7423	$20.21	Disposed	256955	Direct
2007-10-11	MII Common Stock	S	200	$20.215	Disposed	256755	Direct
2007-10-11	MII Common Stock	S	2000	$20.22	Disposed	254755	Direct
2007-10-11	MII Common Stock	S	4969	$20.23	Disposed	249786	Direct
2007-10-11	MII Common Stock	S	3600	$20.24	Disposed	246186	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
MII Common Stock	3100	Indirect

Footnotes

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