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<P style="line-height:16pt; margin:0px; font-size:14pt" align=center><B>UNITED STATES</B></P>
<P style="line-height:16pt; margin:0px; font-size:14pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center><B>Washington, D.C. 20549</B></P>
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<P style="line-height:22pt; margin:0px; font-size:20pt" align=center><B>Form&nbsp;8-K</B></P>
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<P style="margin:0px" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0px" align=center><B>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</B></P>
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<P style="margin:0px" align=center><B>Date of Report</B> <I>(Date of earliest event reported)</I>:<B> June 10, 2009</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:26pt; margin:0px; font-size:24pt" align=center><B>Cal Dive International, Inc.</B></P>
<P style="margin:0px" align=center><I>(Exact name of registrant as specified in its charter)</I></P>
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<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0; display:none"><TD width=212.8></TD><TD width=212.8></TD><TD width=212.8></TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=212.8><P style="margin:0px" align=center><B>Delaware</B></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(State or other jurisdiction of incorporation)</I></P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=212.8><P style="margin:0px" align=center><B>001-33206</B></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(Commission File Number)</I></P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=212.8><P style="margin:0px" align=center><B>61-1500501</B></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(IRS Employer Identification No.)</I></P>
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<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0; display:none"><TD width=319.2></TD><TD width=319.2></TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=319.2><P style="margin:0px" align=center><FONT style="background-color:#FFFFFF"><B>2500 City West Blvd., Suite 2200</B></FONT></P>
<P style="line-height:normal; margin:0px" align=center><FONT style="background-color:#FFFFFF"><B>Houston, Texas<BR>
</B></FONT><FONT style="font-size:8pt; background-color:#FFFFFF"><I>(Address of principal executive offices)</I></FONT></P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=319.2><P style="line-height:normal; margin:0px" align=center><B>77042<BR>
</B><FONT style="font-size:8pt"><I>(Zip Code)</I></FONT></P>
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<P style="margin:0px" align=center><FONT style="background-color:#FFFFFF"><B>(713) 361-2600</B></FONT><FONT style="background-color:#FFFFFF"> </FONT></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>&nbsp;(Registrant&#146;s telephone number, including area code)</I></P>
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<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0; display:none"><TD width=31.2></TD><TD width=619.867></TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" width=651.067 colspan=2><P style="margin-top:0px; margin-bottom:11.133px" align=justify>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following:</P>
</TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" width=31.2><P style="margin-top:0px; margin-bottom:11.133px; font-family:Wingdings" align=justify>o</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=619.867><P style="margin-top:0px; margin-bottom:11.133px" align=justify>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</P>
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<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" width=31.2><P style="margin-top:0px; margin-bottom:11.133px; font-family:Wingdings" align=justify>o</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=619.867><P style="margin-top:0px; margin-bottom:11.133px" align=justify>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
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<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" width=31.2><P style="margin-top:0px; margin-bottom:11.133px; font-family:Wingdings" align=justify>o</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=619.867><P style="margin-top:0px; margin-bottom:11.133px" align=justify>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
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<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" width=31.2><P style="margin-top:0px; margin-bottom:11.133px; font-family:Wingdings" align=justify>o</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=619.867><P style="margin-top:0px; margin-bottom:11.133px" align=justify>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
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<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; padding-left:84px; text-indent:-84px; font-size:12pt; page-break-before:always" align=justify><B>Item 2.01</B></P>
<P style="line-height:14pt; margin:0px; padding-left:84px; font-size:12pt" align=justify><B>Completion of Acquisition or Disposition of Assets.</B></P>
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<P style="line-height:14pt; margin:0px; text-indent:48px; font-size:12pt" align=justify>Cal Dive International, Inc. (the &#8220;Company&#8221;) previously reported in its Current Report on Form 8-K filed June 1, 2009, that Helix Energy Solutions Group, Inc. (&#147;Helix&#148;), its majority shareholder, commenced a secondary public offering of 20 million shares of the Company&#146;s common stock (the &#147;Offering&#148;). &nbsp;The Company also reported that, on May 29, 2009, it had entered into a definitive stock repurchase agreement with Helix to repurchase that number of shares of the Company&#146;s common stock equal to $14 million divided by the price per share at which Helix sold shares in the Offering (the &#147;Stock Repurchase Transaction&#148;).</P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:14pt; margin:0px; text-indent:48px; font-size:12pt" align=justify>On June 10, 2009, the Offering was consummated at a price per share of $8.50. &nbsp;Simultaneously with that closing, the Company consummated the Stock Repurchase Transaction, and in connection therewith, repurchased 1,647,058 shares of its common stock at a price per share of $8.50, using $14 million of its cash on-hand in satisfaction of the purchase price. &nbsp;Following the Offering and the Stock Repurchase Transaction, the Company has 92,653,073 shares of common stock issued and outstanding, of which Helix owns 26,294,964 shares, representing approximately 28.38% of the Company&#146;s issued and outstanding shares.</P>
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<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>SIGNATURES</B></P>
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<P style="line-height:14pt; margin:0px; text-indent:48px; font-size:12pt" align=justify>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.</P>
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<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0; display:none"><TD width=295.2></TD><TD width=42></TD><TD width=301.2></TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=295.2><P>&nbsp;</P></TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=343.2 colspan=2><P style="line-height:14pt; margin:0px; font-size:12pt"><B>CAL DIVE INTERNATIONAL, INC.</B></P>
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<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=295.2><P>&nbsp;</P></TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=42><P>&nbsp;</P></TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=301.2><P>&nbsp;</P></TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=295.2><P>&nbsp;</P></TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=42><P>&nbsp;</P></TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=301.2><P>&nbsp;</P></TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=295.2><P>&nbsp;</P></TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=42><P>&nbsp;</P></TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=301.2><P>&nbsp;</P></TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=295.2><P>&nbsp;</P></TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=42><P style="line-height:14pt; margin:0px; font-size:12pt">By:</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; border-bottom:1px solid #000000" valign=top width=301.2><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>/s/ G. Kregg Lunsford</P>
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<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=295.2><P>&nbsp;</P></TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=42><P>&nbsp;</P></TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=301.2><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>G. Kregg Lunsford<BR>
Executive Vice President<BR>
and Chief Financial Officer</P>
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<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>Date: &nbsp;&nbsp;June 10, 2009</P>
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form-8k_061009.doc
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported)
:
June 10, 2009
Cal Dive International, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
001-33206
(Commission File Number)
61-1500501
(IRS Employer Identification No.)
2500 City West Blvd., Suite 2200
Houston, Texas
(Address of principal executive offices)
77042
(Zip Code)
(713) 361-2600
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.01
Completion of Acquisition or Disposition of Assets.
Cal Dive International, Inc. (the "Company") previously reported in its Current Report on Form 8-K filed June 1, 2009, that Helix Energy Solutions Group, Inc. ("Helix"), its majority shareholder, commenced a secondary public offering of 20 million shares of the Company's common stock (the "Offering").  The Company also reported that, on May 29, 2009, it had entered into a definitive stock repurchase agreement with Helix to repurchase that number of shares of the Company's common stock equal to $14 million divided by the price per share at which Helix sold shares in the Offering (the "Stock Repurchase Transaction").
On June 10, 2009, the Offering was consummated at a price per share of $8.50.  Simultaneously with that closing, the Company consummated the Stock Repurchase Transaction, and in connection therewith, repurchased 1,647,058 shares of its common stock at a price per share of $8.50, using $14 million of its cash on-hand in satisfaction of the purchase price.  Following the Offering and the Stock Repurchase Transaction, the Company has 92,653,073 shares of common stock issued and outstanding, of which Helix owns 26,294,964 shares, representing approximately 28.38% of the Company's issued and outstanding shares.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
CAL DIVE INTERNATIONAL, INC.
By:
/s/ G. Kregg Lunsford
G. Kregg Lunsford
Executive Vice President
and Chief Financial Officer
Date:   June 10, 2009