MIND TECHNOLOGY, INC — Director's Dealing 2007

Sep 7, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2007-09-07

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-07	Option to Buy MIND Common Stock	$17.70	A	25000	Acquired	2017-09-07	MIND Common Stock (25000)	Direct

Footnotes

F1: Options vest 1/3 each year for 3 years beginning on 09/07/2008 and being fully vested on 09/07/2010.