MIND TECHNOLOGY, INC — Director's Dealing 2012

Jan 25, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2012-01-20

Reporting Person: Malden Guy (VP - Marine Systems)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-20	MII Common Stock	M	8700	$6.40	Acquired	22161	Direct
2012-01-20	MII Common Stock	M	15000	$16.64	Acquired	37161	Direct
2012-01-20	MII Common Stock	M	15000	$17.70	Acquired	52161	Direct
2012-01-20	MII Common Stock	S	38700	$24.12	Disposed	13461	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-20	Options to Purchase MII Common Stock	$6.40	M	3700	Disposed	2020-05-27	MII Common Stock (3700)	Direct
2012-01-20	Options to Purchase MII Common Stock	$6.40	M	5000	Disposed	2020-05-27	MII Common Stock (5000)	Direct
2012-01-20	Options to Purchase MII Common Stock	$16.64	M	5000	Disposed	2016-03-31	MII Common Stock (5000)	Direct
2012-01-20	Options to Purchase MII Common Stock	$16.64	M	5000	Disposed	2016-03-31	MII Common Stock (5000)	Direct
2012-01-20	Options to Purchase MII Common Stock	$16.64	M	5000	Disposed	2016-03-31	MII Common Stock (5000)	Direct
2012-01-20	Options to Purchase MII Common Stock	$17.70	M	5000	Disposed	2017-09-07	MII Common Stock (5000)	Direct
2012-01-20	Options to Purchase MII Common Stock	$17.70	M	5000	Disposed	2017-09-07	MII Common Stock (5000)	Direct
2012-01-20	Options to Purchase MII Common Stock	$17.70	M	5000	Disposed	2017-09-07	MII Common Stock (5000)	Direct