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TIDEWATER INC Director's Dealing 2012

Apr 3, 2012

10404_dirs_2012-04-03_74e6da5e-699b-4506-8754-c8fcf5bca171.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: 2012-03-31

Reporting Person: TAYLOR CINDY B (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-31	Deferred Stock Units	$	A	1852	Acquired		Common Stock (1852)	Direct

Footnotes

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

F2: The deferred stock unit vests immediately upon grant but will not be paid out until the earlier of 15 days following the date the Reporting Person ceases to be a director or upon a change of control of the Issuer.