MIND TECHNOLOGY, INC — Director's Dealing 2012

Jan 19, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2012-01-13

Reporting Person: Albers Robert John (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-13	MII Common Stock	M	400	$16.41	Acquired	8400	Direct
2012-01-13	MII Common Stock	S	400	$24.00	Disposed	8000	Direct
2012-01-17	MII Common Stock	M	1492	$16.41	Acquired	9492	Direct
2012-01-17	MII Common Stock	S	100	$24.12	Disposed	9392	Direct
2012-01-17	MII Common Stock	S	1392	$24.00	Disposed	8000	Direct
2012-01-18	MII Common Stock	M	8008	$16.41	Acquired	16008	Direct
2012-01-18	MII Common Stock	S	8008	$23.50	Disposed	8000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-13	Option to Purchase Common Stock	$16.41	M	400	Disposed	2018-07-24	MII Common Stock (400)	Direct
2012-01-17	Option to Purchase Common Stock	$16.41	M	100	Disposed	2018-07-24	MII Common Stock (100)	Direct
2012-01-17	Option to Purchase Common Stock	$16.41	M	1392	Disposed	2018-07-24	MII Common Stock (1392)	Direct
2012-01-18	Option to Purchase Common Stock	$16.41	M	8008	Disposed	2018-07-24	MII Common Stock (8008)	Direct