TIDEWATER INC — Director's Dealing 2009

Feb 4, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2009-02-04

Reporting Person: TAYLOR DEAN E (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-04	Common Stock	G	1425	—	Disposed	92855	Direct
2009-02-04	Common Stock	G	1425	—	Disposed	91430	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2628	Indirect
Common Stock	3829.4241	Indirect

Footnotes

F1: Gift of shares to minor children.

F2: The reporting person disclaims benficial ownership of these shares, and this report should not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or any other purpose.

F3: Acquired on a periodic basis by the Trustee of the Tidewater Inc. 401(k) Savings Plan. Includes shares acquired for the account through January 31, 2009.