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TIDEWATER INC Director's Dealing 2011

Mar 18, 2011

10404_dirs_2011-03-18_15d9c3eb-5411-4cdb-8018-7afe0d9ebddd.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: 2011-03-16

Reporting Person: TAYLOR DEAN E (President and CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-03-16 Common Stock A 58166 Acquired 188899 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 4280.33 Indirect
Common Stock 3957 Indirect

Footnotes

F1: 41,136 of the shares of restricted stock granted vest 25% per year over four years. 17,030 shares of restricted stock granted will cliff vest after four years based on a performance metric related to return on capital.

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, 2011.

F3: The reporting person disclaims beneficial 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.