TIDEWATER INC — Director's Dealing 2006

Aug 11, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2006-08-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-09	Common Stock	G	450	—	Disposed	73424	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5757	Indirect
Common Stock	3628	Indirect

Footnotes

F1: The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed and admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

F2: Acquired on a periodic basis by the Trustee of the Tidewater Inc. 401(k) Savings Plan. Includes shares acquired for my account through July 31, 2006.