MIND TECHNOLOGY, INC — Director's Dealing 2014

Jan 13, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MITCHAM INDUSTRIES INC (MIND)
CIK: 0000926423
Period of Report: 2014-01-09

Reporting Person: SCHWALBE JOHN F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-09	MII Common Stock	M	5000	$7.20	Acquired	10000	Direct
2014-01-09	MII Common Stock	S	5000	$16.81	Disposed	5000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-09	Option to Purchase Common Stock	$7.20	M	5000	Disposed	2020-07-27	MII Common Stock (5000)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.60 to $17.14, inclusive. The reporting person undertakes to provide to Mitcham Industries, Inc., any security holder of Mitcham Industries, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) of this Form 4.