MIND TECHNOLOGY, INC — Director's Dealing 2012

Mar 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2012-03-12

Reporting Person: BLUM PETER H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-12	MIND Common Stock	M	30000	$1.90	Acquired	305936	Direct
2012-03-12	MIND Common Stock	M	20000	$1.99	Acquired	325936	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-12	Option to Purchase Common Stock	$1.90	X	30000	Disposed	2013-07-17	MII Common Stock (30000)	Direct
2012-03-12	Option to Purchase Common Stock	$1.99	X	20000	Disposed	2012-08-15	MII Common Stock (20000)	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.