TIDEWATER INC — Director's Dealing 2010

Mar 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2010-03-03

Reporting Person: Demarest Craig (Principal Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-03	Common Stock	A	5076	—	Acquired	22476	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-03	Stock Option (Right to buy)	$45.75	A	12694	Acquired	2020-03-03	Common Stock (12694)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	475.5364	Indirect

Footnotes

F1: 3,384 of the shares of restricted stock granted vest 25% per year over four years. 1,692 shares of restricted stock granted will vest after four years depending upon Tidewater's return on capital employed.

F2: 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, 2010.

F3: The options vest 1/3 per year beginning March 3, 2011.