TIDEWATER INC — Director's Dealing 2006

Aug 3, 2006

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2006-07-07

Reporting Person: Platt Jeffrey (Executive Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20964	Direct
Common Stock	708	Indirect
Common Stock	834.7989	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$43.625	2007-03-19	Common Stock (5000)		Direct
Stock Option (Right to Buy)	$45.625	2008-03-26	Common Stock (7000)		Direct
Stock Option (Right to Buy)	$22.75	2009-03-11	Common Stock (10667)		Direct
Stock Option (Right to Buy)	$32.25	2010-03-29	Common Stock (10000)		Direct
Stock Option (Right to Buy)	$44	2011-03-29	Common Stock (5000)		Direct
Stock Option (Right to Buy)	$35.29	2011-07-26	Common Stock (5000)		Direct
Stock Option (Right to Buy)	$40.28	2012-03-27	Common Stock (30000)		Direct
Stock Options (Right to Buy)	$27.92	2013-03-12	Common Stock (30000)		Direct
Stock Option (Right to Buy)	$28.05	2014-03-30	Common Stock (17500)		Direct
Stock Option (Right to Buy)	$37.55	2015-03-30	Common Stock (6000)		Direct
Stock Option (Right to Buy)	$55.76	2016-03-29	Common Stock (19500)		Direct

Footnotes

F1: All granted options have vested as of the date of filing this Form 3.

F2: 11,666 of the 17,500 options granted have vested as of the date of filing this Form 3. The remaining 5,834 options granted will vest March 30, 2007.

F3: 6,500 of the 19,500 options granted have vested as of the date of filing this Form 3. The remaining 13,000 options granted will vest in 2 equal annual installments on March 29, 2008 and March 29, 2009.