MIND TECHNOLOGY, INC — Director's Dealing 2007

Jul 2, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2007-06-29

Reporting Person: Malden Guy (VP - Marine Systems)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-29	MII Common Stock	P	3500	$6.18	Acquired	11500	Direct
2007-06-29	MII Common Stock	S	3500	$19.0026	Disposed	8000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-29	MII Common Stock Option	$6.18	M	3500	Disposed	2015-02-01	MII Common Stock (3500)	Direct

Footnotes

F1: Common stock options vested as follow: 3,166 on 01/31/2006 and 334 on 01/31/2007.