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	$61.92	Disposed	327936	Direct
2007-05-01	Common Stock	S	100	$61.93	Disposed	327836	Direct
2007-05-01	Common Stock	S	1100	$61.99	Disposed	326736	Direct
2007-05-01	Common Stock	S	1500	$62.01	Disposed	325236	Direct
2007-05-01	Common Stock	S	800	$62.02	Disposed	324436	Direct
2007-05-01	Common Stock	S	900	$62.05	Disposed	323536	Direct
2007-05-01	Common Stock	S	100	$62.13	Disposed	323436	Direct
2007-05-01	Common Stock	S	400	$62.15	Disposed	323036	Direct
2007-05-01	Common Stock	S	100	$62.16	Disposed	322936	Direct
2007-05-01	Common Stock	S	100	$62.17	Disposed	322836	Direct
2007-05-01	Common Stock	S	500	$62.20	Disposed	322336	Direct
2007-05-01	Common Stock	S	300	$62.21	Disposed	322036	Direct
2007-05-01	Common Stock	S	800	$62.25	Disposed	321236	Direct
2007-05-01	Common Stock	S	1400	$62.28	Disposed	319836	Direct
2007-05-01	Common Stock	S	1200	$62.31	Disposed	318636	Direct
2007-05-01	Common Stock	S	325	$62.32	Disposed	318311	Direct
2007-05-01	Common Stock	S	175	$62.33	Disposed	318136	Direct
2007-05-01	Common Stock	S	200	$62.34	Disposed	317936	Direct
2007-05-01	Common Stock	S	200	$62.35	Disposed	317736	Direct
2007-05-01	Common Stock	S	300	$62.43	Disposed	317436	Direct
2007-05-01	Common Stock	S	200	$62.45	Disposed	317236	Direct
2007-05-01	Common Stock	S	400	$62.46	Disposed	316836	Direct
2007-05-01	Common Stock	S	600	$62.47	Disposed	316236	Direct
2007-05-01	Common Stock	S	800	$62.55	Disposed	315436	Direct
2007-05-01	Common Stock	S	844	$62.59	Disposed	314592	Direct
2007-05-01	Common Stock	S	600	$62.60	Disposed	313992	Direct
2007-05-01	Common Stock	S	500	$62.61	Disposed	313492	Direct
2007-05-01	Common Stock	S	1400	$62.62	Disposed	312092	Direct
2007-05-01	Common Stock	S	900	$62.63	Disposed	311192	Direct
2007-05-01	Common Stock	S	2200	$62.64	Disposed	308992	Direct

Footnotes

F1: Continued on next Form 4.