<SEC-DOCUMENT>0001140361-17-029713.txt : 20170801
<SEC-HEADER>0001140361-17-029713.hdr.sgml : 20170801
<ACCEPTANCE-DATETIME>20170801200406
ACCESSION NUMBER:		0001140361-17-029713
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170731
FILED AS OF DATE:		20170801
DATE AS OF CHANGE:		20170801

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Fanning Quinn P
		CENTRAL INDEX KEY:			0001441735

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06311
		FILM NUMBER:		17998038

	MAIL ADDRESS:	
		STREET 1:		C/O TIDEWATER INC
		STREET 2:		601 POYDRAS ST, STE 1900
		CITY:			NEW ORLEANS
		STATE:			LA
		ZIP:			70130

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TIDEWATER INC
		CENTRAL INDEX KEY:			0000098222
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER TRANSPORTATION [4400]
		IRS NUMBER:				720487776
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		601 POYDRAS ST.
		STREET 2:		SUITE 1500
		CITY:			NEW ORLEANS
		STATE:			LA
		ZIP:			70130
		BUSINESS PHONE:		5045681010

	MAIL ADDRESS:	
		STREET 1:		601 POYDRAS ST.
		STREET 2:		SUITE 1500
		CITY:			NEW ORLEANS
		STATE:			LA
		ZIP:			70130

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TIDEWATER MARINE SERVICE INC
		DATE OF NAME CHANGE:	19780724
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc1.xml
<DESCRIPTION>FORM 4
<TEXT>
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<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2017-07-31</periodOfReport>

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    <issuer>
        <issuerCik>0000098222</issuerCik>
        <issuerName>TIDEWATER INC</issuerName>
        <issuerTradingSymbol>TDW</issuerTradingSymbol>
    </issuer>

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            <rptOwnerCik>0001441735</rptOwnerCik>
            <rptOwnerName>Fanning Quinn P</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TIDEWATER INC.</rptOwnerStreet1>
            <rptOwnerStreet2>601 POYDRAS ST., SUITE 1500</rptOwnerStreet2>
            <rptOwnerCity>NEW ORLEANS</rptOwnerCity>
            <rptOwnerState>LA</rptOwnerState>
            <rptOwnerZipCode>70130</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>EVP &amp; CFO</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
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                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
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            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
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                <footnoteId id="F1"/>
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            <transactionAmounts>
                <transactionShares>
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                </transactionShares>
                <transactionPricePerShare>
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                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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                    <value>by 401(k) Plan</value>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
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            <transactionDate>
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                    <value>1152</value>
                    <footnoteId id="F3"/>
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                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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                </transactionAcquiredDisposedCode>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
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                </sharesOwnedFollowingTransaction>
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                </directOrIndirectOwnership>
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            <transactionDate>
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            <deemedExecutionDate></deemedExecutionDate>
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            <transactionAmounts>
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                    <footnoteId id="F3"/>
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                <transactionPricePerShare>
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                    <footnoteId id="F3"/>
                </transactionPricePerShare>
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                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
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                <natureOfOwnership>
                    <value>by 401(k) Plan</value>
                    <footnoteId id="F2"/>
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            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Series A Warrants</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>57.06</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2017-07-31</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F3"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1869</value>
                    <footnoteId id="F3"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <value>2023-07-31</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1869</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1869</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
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                    <value>D</value>
                </directOrIndirectOwnership>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Series A Warrants</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>57.06</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2017-07-31</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
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                    <footnoteId id="F3"/>
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            <exerciseDate>
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            <expirationDate>
                <value>2023-07-31</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>84</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
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                <sharesOwnedFollowingTransaction>
                    <value>84</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>by 401(k) Plan</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Series B Warrants</value>
            </securityTitle>
            <conversionOrExercisePrice>
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            </conversionOrExercisePrice>
            <transactionDate>
                <value>2017-07-31</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
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                </directOrIndirectOwnership>
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        <derivativeTransaction>
            <securityTitle>
                <value>Series B Warrants</value>
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                <value>62.28</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2017-07-31</value>
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            <deemedExecutionDate></deemedExecutionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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            <exerciseDate>
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            <expirationDate>
                <value>2023-07-31</value>
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                <underlyingSecurityTitle>
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                </underlyingSecurityShares>
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                    <value>91</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>by 401(k) Plan</value>
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                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">On May 17, 2017, the Issuer and certain of its subsidiaries (the &quot;Debtors&quot;) filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the &quot;Bankruptcy Cases&quot; and such court, the &quot;Bankruptcy Court&quot;). On July 17, 2017, the Bankruptcy Court entered a written order (the &quot;Confirmation Order&quot;) confirming the Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization of the Debtors, as modified by the Confirmation Order (the &quot;Plan&quot;).  On July 31, 2017 (the &quot;Effective Date&quot;), the Plan became effective in accordance with its terms and the Debtors emerged from the Bankruptcy Cases.  On the Effective Date, all outstanding shares of the Issuer's common stock, par value $0.10 per share (the &quot;Old Common Stock&quot;), and all options to purchase such stock, were cancelled and extinguished.</footnote>
        <footnote id="F2">Represents interests held for the benefit of the Reporting Person by the Trustee of the Tidewater Inc. 401(k) Savings Plan.</footnote>
        <footnote id="F3">As provided in the Plan, on the Effective Date, each holder of Old Common Stock (including the Reporting Person) received, in exchange for each one share of Old Common Stock held as of such date, (i) 0.031833 new shares of common stock, par value $0.001 per share (the &quot;New Common Stock&quot;), (ii) 0.051621 Series A Warrants to purchase an equivalent number of shares of New Common Stock (the &quot;Series A Warrants&quot;), and (iii) 0.055806 Series B Warrants to purchase an equivalent number of shares of New Common Stock (the &quot;Series B Warrants&quot;), in all cases, subject to rounding with no fractional shares or warrants issued.  Such exchange was involuntary, without consideration and in accordance with the terms of the Plan.</footnote>
        <footnote id="F4">The Series A Warrants and Series B Warrants may be exercised at any time prior to the expiration date, unless earlier terminated and paid out by their terms upon the consummation of certain business combinations or sale transactions involving the Issuer.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Bruce D. Lundstrom as Agent and Attorney-in-Fact for Quinn P. Fanning</signatureName>
        <signatureDate>2017-08-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
