X0202 4 2007-03-21 0 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 President Common Stock 2007-03-21 4 A 0 25000 A 98202 D Common Stock 5757 I As custodian for children. Common Stock 3688.5804 I By Trustee Stock Option (Right to Buy) 57.65 2007-03-21 4 A 0 20000 0 A 2008-03-21 2017-03-21 Common Stock 20000 20000 D 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 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 21, 2011. The reporting person disclaims benficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose. Acquired on a periodic basis by the Trustee of Tidewater Inc. 401(k) Savings Plan. Includes shares acquired for the account through February 28, 2007. Dean Taylor , By: Cliffe F. Laborde, Agent and Attorney-in-Fact 2007-03-23