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TIDEWATER INC — Director's Dealing 2007
Mar 23, 2007
10404_dirs_2007-03-23_b23ba976-9456-408f-9537-9063761b8412.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2007-03-21
Reporting Person: Platt Jeffrey (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2007-03-21 | Common Stock | A | 9000 | — | Acquired | 24964 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-03-21 | Stock Option (Right to Buy) | $57.65 | A | 6500 | Acquired | 2017-03-21 | Common Stock (6500) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 865.5571 | Indirect |
| Common Stock | 708 | Indirect |
Footnotes
F1: The restricted stock award vests at the rate of 25% per year if the change in Economic Value Added (EVA) meets or exceeds annual targeted improvement. EVA equals after-tax operating profits less a charge for debt and equity capital. Capital is charged at a rate equal to the weighted average cost of debt and equity. Any unvested stock will automatically vest on March 21, 2011.
F2: Acquired on a periodic basis by the Trustee of the Tidewater Inc. 401(k) Savings Plan. Includes shares acquired for the account through February 28, 2007.