MIND TECHNOLOGY, INC — Director's Dealing 2010

Jun 17, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2010-06-16

Reporting Person: BLUM PETER H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-16	MIND Common Stock	P	15000	$5.13	Acquired	299436	Direct
2010-06-16	MIND Common Stock	P	15000	$5.00	Acquired	314436	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-06-16	Option to Purchase Common Stock	$5.13	M	15000	Disposed	2010-07-27	Common Stock (15000)	Direct
2010-06-16	Option to Purchase Common Stock	$5.00	M	15000	Disposed	2011-07-18	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
MIND Common Stock	12500	Indirect

Footnotes

F1: Includes 6,000 shares owned by Mr. Blum's spouse and 6,500 shares owned by Mr. Blum's minor son.