MIND TECHNOLOGY, INC — Director's Dealing 2007

Jul 16, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2007-07-12

Reporting Person: BLUM PETER H (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-12	Option to Purchase Common Stock	$20.00	M	60000	Acquired	2017-07-12	MII Common Stock (60000)	Direct

Footnotes

F1: Options vest 1/3 each year for 3 years beginning on 07/12/2008 and being fully vested on 07/12/2010.