TIDEWATER INC — Director's Dealing 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TIDEWATER INC (TDW)
CIK: 0000098222
Period of Report: 2012-03-14

Reporting Person: TAYLOR DEAN E (Director, President and CEO)

Non-Derivative Transactions

Holdings (Non-Derivative)

Footnotes

F1: Represents a grant of time-based restricted stock units that will vest 1/3 per year over three years following the grant date.

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 29, 2012.

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.