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MIND TECHNOLOGY, INC Director's Dealing 2007

Sep 7, 2007

34449_dirs_2007-09-07_8c5a836b-b612-471e-ba44-3b8be59f580b.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: 2007-09-07

Reporting Person: CAPPS ROBERT P (Chief Financial Officer)

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 15000 Acquired 2017-09-07 MIND Common Stock (15000) 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.