TIDEWATER INC — Director's Dealing 2006

Feb 1, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2006-01-30

Reporting Person: OMALLEY WILLIAM C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-30	Common Stock	S	100000	$56.198	Disposed	258826	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	636	Indirect

Footnotes

F1: Acquired on a periodic basis by the Trustee of Tidewater 401k Savings Plan. Includes shares acquired for my account through January 31, 2006.