TIDEWATER INC — Director's Dealing 2003

Sep 8, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2003-09-08

Reporting Person: MURRILL PAUL W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-08	Common Stock	M	1000	$20.125	Acquired	4100	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-08	Stock Option (Right to Buy)	$20.125	M	1000	Disposed	2003-09-15	Common Stock (1000)	Direct

Footnotes

F1: Stock option granted under the Tidewater Inc. 1992 Stock Option and Restricted Stock Plan. The Plan pursuant to which the reported option was granted provides for withholding rights.