TIDEWATER INC — Director's Dealing 2014

Jan 7, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2014-01-06

Reporting Person: TAYLOR DEAN E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-06	Common Stock	M	1850	$28.05	Acquired	193871	Direct
2014-01-06	Common Stock	S	1337	$59.94	Disposed	192534	Direct
2014-01-07	Common Stock	M	17618	$28.05	Acquired	210152	Direct
2014-01-07	Common Stock	S	12261	$59.94	Disposed	197891	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-06	Stock Option (Right to Buy)	$28.05	M	1850	Disposed	2014-03-30	Common Stock (1850)	Direct
2014-01-07	Stock Option (Right to Buy)	$28.05	M	17618	Disposed	2014-03-30	Common Stock (17618)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3957	Indirect
Common Stock	4582	Indirect

Footnotes

F1: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.

F2: 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.

F3: The options vested in three equal annual installments beginning on the date indicated.