Edgar Filing: GULFMARK OFFSHORE INC

Ownership Submission

FORM 5

	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Form 3 Holdings Reported
	Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ^*

GIMBEL LOUIS S III

2. Issuer Name and Ticker or Trading Symbol
GULFMARK OFFSHORE INC [GLF]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2008

(Street)

X1Â

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Reporting
(check applicable line)
_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Phantom Stock

11/30/2003

17.819

Â ⁽¹⁾

Common Stock

17.819

$ 14.03

857.724

Phantom Stock

12/15/2003

18.519

Â ⁽¹⁾

Common Stock

18.519

$ 13.5

876.243

Phantom Stock

12/31/2003

111.608

Â ⁽¹⁾

Common Stock

111.608

$ 14

987.851

Phantom Stock

03/15/2004

16.338

Â ⁽¹⁾

Common Stock

16.338

$ 15.3

1,004.189

Phantom Stock

03/31/2004

99.459

Â ⁽¹⁾

Common Stock

99.459

$ 15.71

1,103.648

Phantom Stock

05/15/2004

18.329

Â ⁽¹⁾

Common Stock

18.329

$ 13.64

1,121.977

Phantom Stock

06/30/2004

114.86

Â ⁽¹⁾

Common Stock

114.86

$ 15.78

1,236.837

Phantom Stock

09/30/2004

110.992

Â ⁽¹⁾

Common Stock

110.992

$ 16.33

1,347.829

Phantom Stock

11/30/2004

12.013

Â ⁽¹⁾

Common Stock

12.013

$ 20.81

1,359.842

Phantom Stock

12/15/2004

25.562

Â ⁽¹⁾

Common Stock

25.562

$ 19.56

1,385.404

Phantom Stock

12/31/2004

70.163

Â ⁽¹⁾

Common Stock

70.163

$ 22.27

1,455.567

Phantom Stock

03/15/2005

21.142

Â ⁽¹⁾

Common Stock

21.142

$ 23.65

1,476.709

Phantom Stock

03/31/2005

69.954

Â ⁽¹⁾

Common Stock

69.954

$ 25.91

1,546.662

Phantom Stock

04/30/2005

11.171

Â ⁽¹⁾

Common Stock

11.171

$ 22.38

1,557.833

Phantom Stock

05/31/2005

9.976

Â ⁽¹⁾

Common Stock

9.976

$ 25.06

1,567.809

Phantom Stock

06/30/2005

57.213

Â ⁽¹⁾

Common Stock

57.213

$ 27.31

1,625.023

Phantom Stock

07/15/2005

25.018

Â ⁽¹⁾

Common Stock

25.018

$ 27.48

1,650.041

Phantom Stock

09/30/2005

81.345

Â ⁽¹⁾

Common Stock

81.345

$ 32.27

1,731.386

Phantom Stock

10/15/2005

12.86

Â ⁽¹⁾

Common Stock

12.86

$ 29.16

1,744.246

Phantom Stock

12/15/2005

11.73

Â ⁽¹⁾

Common Stock

11.73

$ 31.97

1,755.975

Phantom Stock

12/31/2005

63.302

Â ⁽¹⁾

Common Stock

63.302

$ 29.62

1,819.277

Phantom Stock

03/15/2006

73.034

Â ⁽¹⁾

Common Stock

73.034

$ 26.7

1,892.311

Phantom Stock

03/31/2006

175.36

Â ⁽¹⁾

Common Stock

175.36

$ 27.8

2,067.671

Phantom Stock

05/31/2006

77.504

Â ⁽¹⁾

Common Stock

77.504

$ 25.16

2,145.175

Phantom Stock

06/30/2006

188.734

Â ⁽¹⁾

Common Stock

188.734

$ 25.83

2,333.909

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
GIMBEL LOUIS S III X1Â	Â X	Â	Â	Â

Signatures

/s/ Louis Gimbel III		04/16/2009
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	On reviewing the Section 16 reporting requirements relating to GulfMark Offshore, Inc.'s Executive Nonqualified Excess Plan, it was determined that the phantom stock units created by the deferral of compensation by both officers and directors should have been reported as a derivative security by the officer/director once the phantom stock unit was allocated to his account. This filing reports all transactions related to the phantom stock units in the plan allocated to the individual from his point of entry into the plan through March 31, 2009. Each phantom stock unit is the economic equivalent of one share of common stock. Subject to the provisions of the plan, the phantom stock units become payable only in common stock upon the officer/director's termination of service."

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