<PAGE>
____________________
(1) The amounts indicated represent the Company's contributions
to its Profit-Sharing plan.
(2) In connection with the merger of Zapata Gulf Marine
Corporation ("Zapata Gulf") with a subsidiary of Tidewater
in January 1992, Mr. Lassiter received such payment under
the Equity Incentive Plan established by Zapata Gulf in
1989. There are no further amounts payable under such plan.
(3) Mr. Jackson became an executive officer of the Company as of
October 1, 1992.
While the officers of the Company receive benefits in the form of certain
perquisites, none of the Named Officers receives perquisites which exceed in
value the lesser of $50,000 or 10% of such officer's salary and bonus.
Aggregated Fiscal Year-End Option Values
<TABLE>
<CAPTION>
Number of Securities
Underlying Unexercised Value of Unexercised
Options at Fiscal- In-the-Money Options at
Year-End (#) Fiscal Year-End ($)
----------------------- -----------------------
Name Exercisable/Unexercisable Exercisable/Unexercisable
---- ------------------------- -------------------------
<S> <C> <C>
Ronald C. Lassiter .. 1,220,000 / 0 457,500 / 0
Robert W. Jackson.... 0 / 0 0 / 0
Thomas H. Bowersox.. 700,000 / 0 262,500 / 0
Marvin J. Migura.... 700,000 / 0 262,500 / 0
Bruce K. Williams... 490,000 / 0 183,750 / 0
</TABLE>
The foregoing table sets forth information for each of the Named Officers
with respect to options to purchase a like number of shares of Common Stock
granted under the Company's 1990 Stock Option Plan and held as of September 30,
1993, including the aggregate amount by which the market value of the option
shares exceeds the exercise price of the options at September 30, 1993. All of
these options are currently exercisable.
Long-Term Incentive Plans - Awards in 1993
<TABLE>
<CAPTION>
Performance or Estimated Future Payouts Under
Number of Shares, Other Period Until Non-Stock Price-Based Plans
Units or Maturation ------------------------------
Name Other Rights or Payout Threshold Target Maximum
- ---- ---------------- ------------- --------- ------ -------
<S> <C> <C> <C> <C> <C>
Robert W. Jackson:
Incentive Appreciation
Agreement (1) 09/30/97(1) (1) (1)(3) (1)
Cimarron Incentive
Appreciation Plan (2) 09/30/97(2) (2) (2)(3) (2)
</TABLE>
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