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MIND TECHNOLOGY, INC Director's Dealing 2011

Dec 16, 2011

34449_dirs_2011-12-16_cf8dbf03-b802-416d-a760-1c59b2a3167e.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: 2011-12-13

Reporting Person: Malden Guy (VP - Marine Systems)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-13	MII Common Stock	M	23332	$4.65	Acquired	40793	Direct
2011-12-13	MII Common Stock	M	4676	$6.18	Acquired	45469	Direct
2011-12-13	MII Common Stock	S	28008	$20.54	Disposed	17461	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-13	Options to Purchase MII Common Stock	$4.65	M	11666	Disposed	2019-07-23	MII Common Stock (11666)	Direct
2011-12-31	Options to Purchase MII Common Stock	$4.65	M	11666	Disposed	2019-07-23	MII Common Stock (11666)	Direct
2011-12-13	Options to Purchase MII Common Stock	$6.18	M	3167	Disposed	2015-01-31	MII Common Stock (3167)	Direct
2011-12-13	Options to Purchase MII Common Stock	$6.18	M	1509	Disposed	2015-01-31	MII Common Stock (1509)	Direct