TIDEWATER INC — Director's Dealing 2007

May 3, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2007-04-30

Reporting Person: DICK STEPHEN W (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-30	Common Stock	S	1100	$66.23	Disposed	52322	Direct
2007-04-30	Common Stock	S	300	$66.24	Disposed	52022	Direct
2007-04-30	Common Stock	S	400	$66.25	Disposed	51622	Direct
2007-04-30	Common Stock	S	100	$66.26	Disposed	51522	Direct
2007-04-30	Common Stock	S	100	$66.28	Disposed	51422	Direct
2007-04-30	Common Stock	S	2100	$66.3	Disposed	49322	Direct
2007-04-30	Common Stock	S	1200	$66.31	Disposed	48122	Direct
2007-04-30	Common Stock	S	1900	$66.32	Disposed	46222	Direct
2007-04-30	Common Stock	S	1300	$66.33	Disposed	44922	Direct
2007-04-30	Common Stock	S	900	$66.34	Disposed	44022	Direct
2007-04-30	Common Stock	S	500	$66.35	Disposed	43522	Direct
2007-04-30	Common Stock	S	500	$66.36	Disposed	43022	Direct
2007-04-30	Common Stock	S	100	$66.38	Disposed	42922	Direct
2007-04-30	Common Stock	S	400	$66.39	Disposed	42522	Direct
2007-04-30	Common Stock	S	100	$66.42	Disposed	42422	Direct
2007-04-30	Common Stock	S	100	$66.44	Disposed	42322	Direct
2007-04-30	Common Stock	S	100	$66.46	Disposed	42222	Direct
2007-04-30	Common Stock	S	200	$66.47	Disposed	42022	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2901.0673	Indirect

Footnotes

F1: Acquired on a periodic basis by the Trustee of the Tidewater Inc. 401(k) Savings Plan. Includes shares acquired for the account through April 30, 2007.