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ODYSSEY MARINE EXPLORATION INC Director's Dealing 2007

Jan 11, 2007

34244_dirs_2007-01-11_4fcfda50-366d-48bf-b4af-79ba97c5482d.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ODYSSEY MARINE EXPLORATION INC (OMR)
CIK: 0000798528
Period of Report: 2007-01-02

Reporting Person: Gordon Mark (EVP-Sales & Marketing)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 10742 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Options (Right to Buy) $5 2013-01-02 Common Stock (100000) Direct
Stock Options (Right to Buy) $3.5 2012-01-02 Common Stock (100000) Direct
Stock Options (Right to Buy) $5 2012-01-12 Common Stock (25000) Direct
Stock Options (Right to Buy) $4 2010-01-12 Common Stock (10000) Direct
Stock Options (Right to Buy) $3.5 2010-12-13 Common Stock (15000) Direct

Footnotes

F1: The options vest as to one-fifth of the options on each of December 31, 2007; December 31, 2008; December 31, 2009; December 31, 2010; and December 31, 2011.

F2: The options vest as to one-fourth of the options on each of December 31, 2007; December 31, 2008; December 31, 2009; and December 31, 2010.

F3: The options are currently vested as to 5,000 shares and will vest as to an additional 2,500 shares each on July 12, 2007 and January 12, 2008.

F4: The options vest as to one-fourth of the options on each of June 30, 2007; December 31, 2007; June 30, 2008; and December 31, 2008.