X0202 4 2008-03-05 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 2008-03-05 4 A 0 19824 A 99860 D Common Stock 1200 I As Custodian for Children Common Stock 3743.9522 I By Trustee Stock Option (Right to Buy) 56.71 2008-03-05 4 A 0 61617 0 A 2009-03-05 2018-03-05 Common Stock 61617 61617 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 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. If a restriction does not lapse in a given year because the performance threshold was not met, the restricted shares roll to the next year and the cumulative net performance threshold must be met for the restriction to lapse. Shares will not be forfeited until the end of the four year award period if the performance threshold is not met. The reporting person disclaims benficial 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. Acquired on a periodic basis by the Trustee of the Tidewater 401(k) Savings Plan. Includes shares acquired for the account through February 29, 2008. The options vest 1/3 per year beginning March 5, 2009. Dean Taylor, By: Bruce D. Lundstrom- Agent and Attorney in Fact 2008-03-07