TIDEWATER INC — Director's Dealing 2013

Mar 12, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2013-03-11

Reporting Person: TAYLOR DEAN E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-11	Common Stock	M	51419	$27.92	Acquired	271327	Direct
2013-03-11	Common Stock	S	39148	$46.3909	Disposed	232179	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-11	Stock Options (Right to Buy)	$27.92	M	51419	Disposed	2013-03-12	Common Stock (51419)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4699.38	Indirect
Common Stock	3957	Indirect
Common Stock	4582	Indirect

Footnotes

F1: This transaction was effected pursuant to a Rule 10b5-1 trading plan previously entered into by the reporting person.

F2: This transaction was executed in multiple trades at prices ranging from $46.14 to $46.60. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3: 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, 2013.

F4: 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.

F5: The options vested in three equal annual installments beginning on the date indicated.