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MIND TECHNOLOGY, INC Director's Dealing 2008

Feb 2, 2008

34449_dirs_2008-02-01_5d5f3cea-5b23-4d69-ba20-4f778137cc2d.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: 2008-01-30

Reporting Person: Albers Robert John (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-01-30 Mitcham Industries, Inc. Common Stock A 3000 $16.83 Acquired 3000 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-01-30 Option to purchase MIND Common Stock $16.83 A 30000 Acquired 2019-01-30 MIND Common Stock (30000) Direct

Footnotes

F1: Options vest 1/3 each year for 3 years beginning on 01/30/2009 and being fully vested on 01/30/2011.