TIDEWATER INC — Director's Dealing 2011

Apr 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2011-03-31

Reporting Person: FOSTER MORRIS E (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-31	Deferred Stock Units	$	A	1159	Acquired		Common Stock (1159)	Direct

Footnotes

F1: Each deferred stock unit represents the right to receive the fair market value of one share of the Issuer's common stock in cash.

F2: The deferred stock unit vests immediately upon grant but will not be paid out until the earlier of 15 days following the date the Reporting Person ceases to be a director or upon a change of control of the Issuer.