MIND TECHNOLOGY, INC — Director's Dealing 2011

May 18, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2011-05-13

Reporting Person: CAPPS ROBERT P (Director, Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-13	MII Common Stock	A	4500	$13.73	Acquired	24430	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-13	Option to Purchase Common Stock	$13.73	A	15000	Acquired	2021-05-13	MII Common Stock (15000)	Direct

Footnotes

F1: Restricted Stock vests 1/3 upon grant, 1/3 on May 13, 2012 and 1/3 on May 13, 2013.

F2: Options vest 1/3 upon grant, 1/3 on May 13, 2012 and 1/3 on May 13, 2013.