X0202 4 2005-03-15 0 0000921549 TRICO MARINE SERVICES INC TRMA 0001260252 TURBIDY TREVOR 2401 FOUNTAINVIEW SUITE 920 HOUSTON TX 77057 0 1 0 0 VP and Cheif Financial Officer Common Stock 2005-03-15 4 J 0 60000 0 D 0 D Options (Right to Buy) 11.00 2005-03-15 4 A 0 112500 0 A 2012-03-15 Common Stock 112500 112500 D Options (Right to buy) 11.00 2005-03-15 4 A 0 37500 0 A 2012-03-15 Common Stock 37500 150000 D Shares of the Company?s old common stock that were outstanding on March 15, 2005, were cancelled in accordance with the Company?s Plan of Reorganization (the ?Plan?). Under the Plan, holders of the Company?s old common stock will be entitled to receive 1 Series A Warrant and 1 Series B Warrant for every 74 shares of old common stock that they own on March 15, 2005. To receive the Series A and Series B Warrants, holders of old common stock first must surrender the certificates representing the old common stock in accordance with the procedures outlined in the Plan. 33 1/3% of the options are immediately exercisable. The remaining options vest in four equal annual installments beginning on March 15, 2006. On March 15, 2008, (1) 50% of the options will vest if the Company?s cumulative EBITDA for the three year period is at least $62,000,000 or (2) 100% of the options will vest if the Company?s cumulative EBITDA for the three year period is at least $107,000,000. Voluntarily Reported earlier than required. /s/ Trevor Turbidy 2005-03-16