X0202 4 2006-03-29 0000098222 TIDEWATER INC TDW 0001197253 TAYLOR DEAN E C/O TIDEWATER INC. 601 POYDRAS ST., SUITE 1900 NEW ORLEANS LA 70130 1 1 0 0 Chairman, CEO & President Common Stock 2006-03-29 4 F 0 3506 55.82 D 53655 D Common Stock 2006-03-29 4 A 0 55000 A 108655 D Common Stock 4131 I As Custodian for Children Common Stock 3618 I By Trustee Stock Option (Right to Buy) 55.76 2006-03-29 4 A 0 55000 A 2016-03-29 Common Stock 55000 55000 D Withholding of shares to pay tax. Includes 34 shares acquired pursuant to dividend reinvestment plan. Restricted stock awarded under the Tidewater Inc. 2001 Stock Incentive Plan. The Plan pursuant to which the restricted stock award was granted provides for tax withholding rights. The restricted stock award vests at the rate of 25% per year if the change in Economic Value Added (EVA) meets or exceeds annual targeted improvement. EVA equals after-tax operating profits less a charge for debt and equity capital. Capital is charged at a rate equal to the weighted average cost of debt and equity. Any unvested restricted stock will automatically vest on March 29, 2010. As Custodan for Children Acquired on a periodic basis by the Trustee of Tidewater 401(0K Savings Plan. Includes shares acquired for my account through February 28, 2006. Stock option granted pursuant to the Tidewater Inc. 2001 Stock Incentive Plan in transaction exempt under Rule 16b-3. The Plan pursuant to which the reported option was granted provides for tax withholding rights. The option vests in 3 equal annual installments on March 29, 2006, March 29, 2008, and March 29, 2009. Dean Taylor, by: Michael Goldblatt, Agent and Attorney-in-Fact 2006-03-31