TIDEWATER INC — Director's Dealing 2011

Mar 18, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2010-03-16

Reporting Person: Lundstrom Bruce Douglas (Executive Vice President/GC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-16	Common Stock	A	21368	—	Acquired	60585	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	569.0708	Indirect

Footnotes

F1: 15,224 of the shares of restricted stock granted vest 25% per year over four years. 6,144 shares of restricted stock granted will cliff vest after four years based on a performance metric related to return on capital.

F2: Shares 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, 2011.