X0202 4 2008-02-13 0 0000921549 TRICO MARINE SERVICES INC TRMA 0001318175 WALLACE DAVID MICHAEL 3200 SOUTHWEST FREEWAY SUITE 2950 HOUSTON TX 77027 0 1 0 0 V-P, Int'l Business Dev. Common Stock 2008-02-13 4 A 0 9844 0 A 25044 D Performance Rights 2008-02-13 4 A 0 4848 0 A 2011-02-13 Common Stock 4848 4848 D Shares of restricted stock. Forfeiture restrictions lapse 100% on the third anniversary of the grant date. The performance rights vest on the third anniversary of the grant date as follows: (i) 0% if the three-year average share price is less than $34.43, (ii) 20% if the three-year average share price is at $34.43, and (iii) 100% if the three-year average share price is at or above $40.54. Between 20% and 100% straight-line interpolation is used to determine vesting. In addition, after the first anniversary of the grant date, if during any consecutive 20-day trading period the Company's average closing share price equals or exceeds $42.53/share, all performance shares become immediately vested. $42.53 is equivalent to 15% annual share appreciation over a two-year period. Represents only the derivative securities of this class. Rishi Varma on behalf of David Michael Wallace 2008-02-15