TIDEWATER INC — Director's Dealing 2007

May 4, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2007-05-01

Reporting Person: OMALLEY WILLIAM C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-01	Common Stock	S	800	$62.65	Disposed	308192	Direct
2007-05-01	Common Stock	S	300	$62.66	Disposed	307892	Direct
2007-05-01	Common Stock	S	800	$62.68	Disposed	307092	Direct
2007-05-01	Common Stock	S	1100	$62.69	Disposed	305992	Direct
2007-05-01	Common Stock	S	500	$62.7	Disposed	305492	Direct
2007-05-01	Common Stock	S	500	$62.73	Disposed	304992	Direct
2007-05-01	Common Stock	S	600	$62.75	Disposed	304392	Direct
2007-05-01	Common Stock	S	1000	$62.76	Disposed	303392	Direct
2007-05-01	Common Stock	S	200	$62.78	Disposed	303192	Direct
2007-05-01	Common Stock	S	200	$62.79	Disposed	302992	Direct
2007-05-01	Common Stock	S	570	$62.8	Disposed	302422	Direct
2007-05-01	Common Stock	S	730	$62.81	Disposed	301692	Direct
2007-05-01	Common Stock	S	1400	$62.82	Disposed	300292	Direct
2007-05-01	Common Stock	S	200	$62.83	Disposed	300092	Direct
2007-05-01	Common Stock	S	300	$62.85	Disposed	299792	Direct
2007-05-01	Common Stock	S	2900	$62.86	Disposed	296892	Direct
2007-05-01	Common Stock	S	400	$62.87	Disposed	296492	Direct
2007-05-01	Common Stock	S	500	$62.91	Disposed	295992	Direct
2007-05-01	Common Stock	S	400	$62.92	Disposed	295592	Direct
2007-05-01	Common Stock	S	1100	$62.95	Disposed	294492	Direct
2007-05-01	Common Stock	S	400	$62.96	Disposed	294092	Direct
2007-05-01	Common Stock	S	900	$62.98	Disposed	293192	Direct
2007-05-01	Common Stock	S	500	$63	Disposed	292692	Direct
2007-05-01	Common Stock	S	700	$63.01	Disposed	291992	Direct
2007-05-01	Common Stock	S	1256	$63.02	Disposed	290736	Direct
2007-05-01	Common Stock	S	1000	$63.04	Disposed	289736	Direct
2007-05-01	Common Stock	S	2800	$63.05	Disposed	286936	Direct
2007-05-01	Common Stock	S	2300	$63.06	Disposed	284636	Direct
2007-05-01	Common Stock	S	100	$63.065	Disposed	284536	Direct
2007-05-01	Common Stock	S	200	$63.0675	Disposed	284336	Direct

Footnotes

F1: Continued on next Form 4.