TIDEWATER INC — Director's Dealing 2007

Apr 23, 2007

SEC Form 4/A — Form 4/A

Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2007-03-16

Reporting Person: Platt Jeffrey (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-16	Common Stock	M	5000	$43.625	Acquired	25964	Direct
2007-03-16	Common Stock	S	300	$54.30	Disposed	20964	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-16	Stock Option (Right to Buy)	$43.625	M	5000	Disposed	2007-03-19	Common Stock (5000)	Direct

Footnotes

F1: The options vested in three equal annual installments beginning on the date indicated.

F2: This amended Form 4 is being filed to include the Reporting Person's exercise of an option to acquire 5,000 shares of common stock on March 16, 2007. The original Form 4 correctly reported the subsequent sales of the acquired shares, but did not report the exercise of the stock option. This amended Form 4 also revises the Reporting Person's total direct holdings following the transactions on March 16, 2007, which number does not reflect subsequent transactions on March 21 and 30, 2007 that were previously reported on Forms 4. As of the date of this amendment, the Reporting Person directly holds 29,479 shares of common stock.