ODYSSEY MARINE EXPLORATION INC — Director's Dealing 2011

Dec 27, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ODYSSEY MARINE EXPLORATION INC (OMEX)
CIK: 0000798528
Period of Report: 2011-12-26

Reporting Person: Nudi Jay (Treasurer / PAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-26	Common Stock	M	14023	—	Acquired	71639	Direct
2011-12-26	Common Stock	F	3709	$2.53	Disposed	67930	Direct
2011-12-26	Common Stock	M	7031	—	Acquired	74961	Direct
2011-12-26	Common Stock	F	1860	$2.53	Disposed	73101	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-26	Restricted Stock Units	$	M	14023	Disposed		Common Stock (14023)	Direct
2011-12-26	Restricted Stock Units	$	M	7031	Disposed		Common Stock (7031)	Direct

Footnotes

F1: Shares delivered to the Issuer to satisfy tax liability obligations in accordance with Rule 16b-3.

F2: Each restricted stock unit represents a contingent right to receive one share of OMEX common stock.

F3: Restricted Stock Units vest in two annual installments on 12/26/2010 and 2011.

F4: Restricted Stock Units vest in two annual installments on 12/26/2011 and 2012.