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TIDEWATER INC — Director's Dealing 2007
Mar 23, 2007
10404_dirs_2007-03-23_fc968b08-d2aa-4e02-9b54-54e3293391e0.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: BENNETT JOSEPH M (Senior Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2007-03-21 | Common Stock | A | 7000 | — | Acquired | 27711 | 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 | 5333 | Acquired | 2017-03-21 | Common Stock (5333) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2394.995 | 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 targeted improvement. EVA equals after-tax operating profits less a charge for debt and equity capital. Capital is charged at the rate equal to the weighted average cost of debt and equity. Any unvested restricted 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.