TIDEWATER INC — Director's Dealing 2016

Mar 21, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2016-03-17

Reporting Person: BENNETT JOSEPH M (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-17	Common Stock	M	6579	—	Acquired	73056	Direct
2016-03-17	Common Stock	D	6579	$7.19	Disposed	66477	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-17	Phantom Stock Units	$	M	6579	Disposed	2018-04-16	Common Stock (6579)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4884	Indirect

Footnotes

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

F2: Represents shares acquired on a periodic basis and held for the benefit of the Reporting Person by the Trustee of the Tidewater Inc. 401(k) Savings Plan as of February 29, 2016.

F3: This award vests in three equal annual installments beginning on March 17, 2016.