TIDEWATER INC — Director's Dealing 2007

May 2, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: OMALLEY WILLIAM C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-30	Common Stock	S	300	$63.87	Disposed	367536	Direct
2007-04-30	Common Stock	S	500	$63.88	Disposed	367036	Direct
2007-04-30	Common Stock	S	1300	$63.89	Disposed	365736	Direct
2007-04-30	Common Stock	S	600	$63.90	Disposed	365136	Direct
2007-04-30	Common Stock	S	300	$63.91	Disposed	364836	Direct
2007-04-30	Common Stock	S	25	$63.93	Disposed	364811	Direct
2007-04-30	Common Stock	S	75	$63.94	Disposed	364736	Direct
2007-04-30	Common Stock	S	600	$63.98	Disposed	364136	Direct
2007-04-30	Common Stock	S	400	$64.01	Disposed	363736	Direct
2007-04-30	Common Stock	S	900	$65.39	Disposed	362836	Direct
2007-04-30	Common Stock	S	400	$65.41	Disposed	362436	Direct
2007-04-30	Common Stock	S	900	$65.43	Disposed	361536	Direct
2007-04-30	Common Stock	S	100	$65.45	Disposed	361436	Direct
2007-04-30	Common Stock	S	300	$65.47	Disposed	361136	Direct
2007-04-30	Common Stock	S	600	$65.48	Disposed	360536	Direct
2007-04-30	Common Stock	S	1000	$65.49	Disposed	359536	Direct
2007-04-30	Common Stock	S	2000	$65.5	Disposed	357536	Direct
2007-04-30	Common Stock	S	1000	$65.51	Disposed	356536	Direct
2007-04-30	Common Stock	S	2900	$65.52	Disposed	353636	Direct
2007-04-30	Common Stock	S	1700	$65.53	Disposed	351936	Direct
2007-04-30	Common Stock	S	300	$65.54	Disposed	351636	Direct
2007-04-30	Common Stock	S	2300	$65.55	Disposed	349336	Direct
2007-04-30	Common Stock	S	2900	$65.56	Disposed	346436	Direct
2007-04-30	Common Stock	S	400	$65.57	Disposed	346036	Direct
2007-04-30	Common Stock	S	200	$65.58	Disposed	345836	Direct
2007-04-30	Common Stock	S	800	$65.59	Disposed	345036	Direct
2007-04-30	Common Stock	S	1600	$65.60	Disposed	343436	Direct
2007-04-30	Common Stock	S	1700	$65.61	Disposed	341736	Direct
2007-04-30	Common Stock	S	900	$65.62	Disposed	340836	Direct
2007-04-30	Common Stock	S	900	$65.66	Disposed	339936	Direct

Footnotes

F1: Continued on next Form 4.