MIND TECHNOLOGY, INC — Director's Dealing 2012

Aug 16, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2012-08-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-08-14	MII Common Stock	M	85000	$1.99	Acquired	385375	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-14	Option to Purchase Common Stock	$1.99	M	85000	Disposed	2012-08-15	MII Common Stock (85000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
MII Common Stock	3100	Indirect

Footnotes

F1: The shares are owned by Mr. Mitcham's spouse.

F2: Options vested 1/3 on August 15,2003, 1/3 on August 15, 2004 and 1/3 on August 15, 2005.