TIDEWATER INC — Director's Dealing 2003

Dec 4, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2003-12-02

Reporting Person: TAYLOR DEAN E (Director, Chairman, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-02	Common Stock	G	1623	—	Disposed	1623	Direct
2003-12-03	Common Stock	G	507	—	Disposed	1148	Direct
2003-12-02	Common Stock	G	1623	—	Acquired	1623	Indirect
2003-12-03	Common Stock	G	507	—	Acquired	2130	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3284	Indirect

Footnotes

F1: Gift of shares to minor children. The reporting person disclaims beneficial ownership of these shares and this report should not be deemed an admission that the reporting person is the beneficial owner of his children's shares for purposes of Section 16 or for any other purpose.

F2: Acquired on a periodic basis by the Trustee of Tidewater 401(k) Savings Plan. Includes shares acquired for my account through November 30, 2003.