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TIDEWATER INC — Director's Dealing 2012
Feb 14, 2012
10404_dirs_2012-02-14_c67ee4d2-48b8-4338-b790-53209ad36ac1.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: 2012-02-10
Reporting Person: TAYLOR DEAN E (Director, President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-02-10 | Common Stock | M | 54892 | $40.28 | Acquired | 263309 | Direct |
| 2012-02-10 | Common Stock | S | 54892 | $59.9505 | Disposed | 208417 | Direct |
| 2012-02-13 | Common Stock | M | 17626 | $40.28 | Acquired | 226043 | Direct |
| 2012-02-13 | Common Stock | S | 17626 | $60.03 | Disposed | 208417 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-02-10 | Stock Option (Right to Buy) | $40.28 | M | 54892 | Disposed | 2012-03-27 | Common Stock (54892) | Direct |
| 2012-02-13 | Stock Option (Right to Buy) | $40.28 | M | 17626 | Disposed | 2012-03-27 | Common Stock (17626) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 3957 | Indirect |
| Common Stock | 4472.9070 | Indirect |
Footnotes
F1: The exercises and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously entered into by the Reporting Person. These options would have expired if not exercised by March 27, 2012.
F2: The total number of shares shown on this Form 4 as directly beneficially owned by the Reporting Person includes two option exercises (one on 1/6/2010 for 10,000 shares, and a second on 4/30/2010 for 15,000 shares) that were erroneously omitted from the reporting person's Forms 4 until Forms 4/A were filed on January 30, 2012.
F3: This transaction was executed in multiple trades at prices ranging from $59.95 to $59.96322. 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.
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: Acquired on a periodic basis by the Trustee of the Tidewater 401(k) Savings Plan. Includes shares acquired for the account through January 31, 2012.
F6: The options vested in three equal annual installments beginning on the date indicated.