MIND TECHNOLOGY, INC — Director's Dealing 2007

Oct 11, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2007-10-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-09	MII Common Stock	S	28288	$20.00	Disposed	318690	Direct
2007-10-09	MII Common Stock	S	3700	$20.01	Disposed	314990	Direct
2007-10-09	MII Common Stock	S	7112	$20.02	Disposed	307878	Direct
2007-10-09	MII Common Stock	S	1802	$20.03	Disposed	306076	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
MII Common Stock	3100	Indirect

Footnotes

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