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MIND TECHNOLOGY, INC Director's Dealing 2009

Oct 23, 2009

34449_dirs_2009-10-23_af2affea-1578-480f-8c6d-51cbe3118e10.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: 2009-10-22

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-10-22 MIND Common Stock P 7500 $6.99 Acquired 214375 Direct

Holdings (Non-Derivative)

Security Shares Ownership
MIND Common Stock 3100 Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.95 to $7.00, inclusive. The reporting person undertakes to provide to Mitcham Industries, Inc., any security holder of Mitcham Industries,Inc.,or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.

F2: The shares are owned by Mr. Mitcham's spouse.