MIND TECHNOLOGY, INC — Director's Dealing 2010

Jul 28, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2010-07-27

Reporting Person: BLUM PETER H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-07-27	MIND Common Stock	A	2500	$7.20	Acquired	316936	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-07-27	Option to Purchase Common Stock	$7.22	A	10000	Acquired	2020-07-27	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
MIND Common Stock	12500	Indirect

Footnotes

F1: Restricted Stock vests upon grant.

F2: Includes 6,000 shares owned by Mr. Blum's spouse and 6,500 shares owned by Mr. Blum's minor son.

F3: Options vest upon grant.