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
OMB APPROVAL
OMB Number: 3235-0362
Expires: January 31, 2005
Estimated average burden hours per response... 1.0

1. Name and Address of Reporting Person *
BUTTERS DAVID J
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)


X1 
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. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. 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   11/30/2002   P4 124.917     (1)   (1) Common Stock
124.917
$ 15.01 3,060.311
D
 
Phantom Stock   12/15/2002   P4 23.038     (1)   (1) Common Stock
23.038
$ 14.65 3,083.349
D
 
Phantom Stock   12/31/2002   P4 174.668     (1)   (1) Common Stock
174.668
$ 14.76 3,258.017
D
 
Phantom Stock   01/31/2003   P4 140.872     (1)   (1) Common Stock
140.872
$ 13.31 3,398.889
D
 
Phantom Stock   02/28/2003   P4 155.311     (1)   (1) Common Stock
155.311
$ 14.97 3,554.2
D
 
Phantom Stock   03/31/2003   P4 200.044     (1)   (1) Common Stock
200.044
$ 13.45 3,754.244
D
 
Phantom Stock   04/30/2003   P4 150.568     (1)   (1) Common Stock
150.568
$ 13.2 3,904.812
D
 
Phantom Stock   05/15/2003   P4 21.173     (1)   (1) Common Stock
21.173
$ 15.94 3,925.985
D
 
Phantom Stock   05/31/2003   P4 103.643     (1)   (1) Common Stock
103.643
$ 18.091 4,029.628
D
 
Phantom Stock   06/30/2003   P4 195.662     (1)   (1) Common Stock
195.662
$ 16.77 4,225.29
D
 
Phantom Stock   07/31/2003   P4 148.936     (1)   (1) Common Stock
148.936
$ 14.1 4,374.226
D
 
Phantom Stock   08/31/2003   P4 133.929     (1)   (1) Common Stock
133.929
$ 14 4,508.155
D
 
Phantom Stock   09/15/2003   P4 32.143     (1)   (1) Common Stock
32.143
$ 14 4,540.298
D
 
Phantom Stock   09/30/2003   P4 231.4     (1)   (1) Common Stock
231.4
$ 14.18 4,771.698
D
 
Phantom Stock   10/31/2003   P4 150.43     (1)   (1) Common Stock
150.43
$ 13.96 4,992.128
D
 
Phantom Stock   11/15/2003   P4 15.789     (1)   (1) Common Stock
15.789
$ 14.25 4,937.917
D
 
Phantom Stock   11/30/2003   P4 149.679     (1)   (1) Common Stock
149.679
$ 14.03 5,087.596
D
 
Phantom Stock   12/15/2003   P4 33.333     (1)   (1) Common Stock
33.333
$ 13.5 5,120.929
D
 
Phantom Stock   12/31/2003   P4 234.376     (1)   (1) Common Stock
234.376
$ 14 5,355.305
D
 
Phantom Stock   01/31/2004   P4 130.208     (1)   (1) Common Stock
130.208
$ 14.4 5,485.513
D
 
Phantom Stock   02/29/2004   P4 113.499     (1)   (1) Common Stock
113.499
$ 16.52 5,599.012
D
 
Phantom Stock   03/15/2004   P4 14.706     (1)   (1) Common Stock
14.706
$ 15.3 5,613.718
D
 
Phantom Stock   03/31/2004   P4 208.864     (1)   (1) Common Stock
208.864
$ 15.71 5,822.582
D
 
Phantom Stock   04/30/2004   P4 124.172     (1)   (1) Common Stock
124.172
$ 15.1 5,946.754
D
 
Phantom Stock   05/15/2004   P4 32.991     (1)   (1) Common Stock
32.991
$ 13.64 5,979.745
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BUTTERS DAVID J

X1 
  X      

Signatures

/s/ David J. Butters 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."

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.