TIDEWATER INC — Director's Dealing 2006

Nov 3, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2006-11-01

Reporting Person: Platt Jeffrey (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-01	Common Stock	M	10667	$22.75	Acquired	31631	Direct
2006-11-01	Common Stock	M	6900	$32.25	Acquired	38531	Direct
2006-11-01	Common Stock	S	100	$49.01	Disposed	38431	Direct
2006-11-01	Common Stock	S	500	$49.02	Disposed	37931	Direct
2006-11-01	Common Stock	S	600	$49.03	Disposed	37331	Direct
2006-11-01	Common Stock	S	1100	$49.04	Disposed	36231	Direct
2006-11-01	Common Stock	S	1300	$49.05	Disposed	34931	Direct
2006-11-01	Common Stock	S	2500	$49.06	Disposed	32431	Direct
2006-11-01	Common Stock	S	1400	$49.07	Disposed	31031	Direct
2006-11-01	Common Stock	S	2000	$49.08	Disposed	29031	Direct
2006-11-01	Common Stock	S	3600	$49.09	Disposed	25431	Direct
2006-11-01	Common Stock	S	3167	$49.10	Disposed	22264	Direct
2006-11-01	Common Stock	S	1100	$49.11	Disposed	21164	Direct
2006-11-01	Common Stock	S	200	$49.12	Disposed	20964	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-01	Stock Option (Right to Buy)	$22.75	M	10667	Disposed	2009-03-11	Common Stock (10667)	Direct
2006-11-01	Stock Option (Right to Buy)	$32.25	M	6900	Disposed	2010-03-29	Common Stock (6900)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	708	Indirect
Common Stock	838.9733	Indirect

Footnotes

F1: The options vested in three equal annual installments beginning on the date indicated.