<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>form8-k_121009.doc</TITLE>
<META NAME="author" CONTENT="Cal Dive">
<META NAME="date" CONTENT="12/15/2009">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px; padding-top:4px; border-top:3px double #000000"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<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>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:22pt; margin:0px; font-size:20pt" align=center><B>Form&nbsp;8-K</B></P>
<P style="margin:0px" align=center><BR></P>
<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>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Date of Report</B> <I>(Date of earliest event reported)</I>:<B> &nbsp;&nbsp;December 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>
<P style="margin:0px"><BR></P>
<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>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<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="line-height:normal; margin:0px" align=center><B>2500 CityWest Boulevard, Suite 2200<BR>
Houston, Texas<BR>
</B><FONT style="font-size:8pt"><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>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><FONT style="background-color:#FFFFFF"><B>(713)&nbsp;361-2600</B></FONT></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(Registrant&#146;s telephone number, including area code)</I></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<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">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:13.333px; font-family:Wingdings">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">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</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">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">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</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">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">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</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">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">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-bottom:4px; border-bottom:3px double #000000"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; padding-left:104px; text-indent:-104px; font-size:12pt; page-break-before:always" align=justify><B>Item 5.02</B></P>
<P style="line-height:14pt; margin:0px; padding-left:104px; font-size:12pt" align=justify><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt" align=justify>(e)</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; text-indent:96px; font-size:12pt" align=justify><U>Grant of Long-Term Incentive Compensation Awards</U>. &nbsp;</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify><I>Restricted Stock</I>. &nbsp;On December 10, 2009, the Compensation Committee (the &#147;<U>Committee</U>&#148;) of the Board of Directors of Cal Dive International, Inc. (the &#147;<U>Company</U>&#148;) granted awards of restricted stock under the Amended &amp; Restated 2006 Long-Term Incentive Plan (the &#147;<U>Plan</U>&#148;) to our Chief Executive Officer, our Chief Financial Officer, and the other executive officers for whom we reported compensation information in our most recent proxy statement (our &#147;<U>Named Executive Officers</U>&#148;) in the amounts provided below. &nbsp;Each restricted stock grant will vest one-third per year over three years. &nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0; display:none"><TD width=228></TD><TD width=288></TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#FFCC99" valign=top width=228><P style="line-height:14pt; margin:0px; font-size:12pt"><B><U>Name</U></B></P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#FFCC99" valign=top width=288><P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B><U>Number of Shares of Restricted Stock</U></B></P>
</TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=228><P style="line-height:14pt; margin:0px; font-size:12pt">Quinn J. H&#233;bert</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=288><P style="line-height:14pt; margin:0px; text-indent:84.8px; font-size:12pt">128,884</P>
</TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#FFCC99" valign=top width=228><P style="line-height:14pt; margin:0px; font-size:12pt">Bruce P. Koch</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#FFCC99" valign=top width=288><P style="line-height:14pt; margin:0px; text-indent:92.8px; font-size:12pt">44,420</P>
</TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=228><P style="line-height:14pt; margin:0px; font-size:12pt">G. Kregg Lunsford</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=288><P style="line-height:14pt; margin:0px; text-indent:92.8px; font-size:12pt">44,420</P>
</TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#FFCC99" valign=top width=228><P style="line-height:14pt; margin:0px; font-size:12pt">Scott T. Naughton</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#FFCC99" valign=top width=288><P style="line-height:14pt; margin:0px; text-indent:92.8px; font-size:12pt">57,980</P>
</TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=228><P style="line-height:14pt; margin:0px; font-size:12pt">Lisa Manget Buchanan</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=288><P style="line-height:14pt; margin:0px; text-indent:92.8px; font-size:12pt">37,641</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify>These grants of Restricted Stock are subject to the terms of the Plan and the form of Restricted Stock Agreement, each of which is included as an exhibit and incorporated herein by reference. &nbsp;</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify><I>Performance Share Units</I>. &nbsp;On December 10, 2009, the Committee also granted each Named Executive Officer an award of &#147;<U>Performance Share Units</U>,&#148; which are structured as restricted stock units under the Plan. &nbsp;Each Performance Share Unit represents the right to receive the value of a share of the Company&#146;s common stock, and will be paid in cash unless the Committee determines to pay in stock. &nbsp;The Named Executive Officers received the following grants of Performance Share Units:</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0; display:none"><TD width=228></TD><TD width=288></TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=top width=228><P style="line-height:14pt; margin:0px; font-size:12pt"><B><U>Name</U></B></P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=top width=288><P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B><U>Target Performance Share Units</U></B></P>
</TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=228><P style="line-height:14pt; margin:0px; font-size:12pt">Quinn J. H&#233;bert</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=288><P style="line-height:14pt; margin:0px; text-indent:84.8px; font-size:12pt">128,884</P>
</TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=top width=228><P style="line-height:14pt; margin:0px; font-size:12pt">Bruce P. Koch</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=top width=288><P style="line-height:14pt; margin:0px; text-indent:92.8px; font-size:12pt">44,420</P>
</TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=228><P style="line-height:14pt; margin:0px; font-size:12pt">G. Kregg Lunsford</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=288><P style="line-height:14pt; margin:0px; text-indent:92.8px; font-size:12pt">44,420</P>
</TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=top width=228><P style="line-height:14pt; margin:0px; font-size:12pt">Scott T. Naughton</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=top width=288><P style="line-height:14pt; margin:0px; text-indent:92.8px; font-size:12pt">57,980</P>
</TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=228><P style="line-height:14pt; margin:0px; font-size:12pt">Lisa Manget Buchanan</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=288><P style="line-height:14pt; margin:0px; text-indent:92.8px; font-size:12pt">37,641</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify>These awards will vest at the end of the performance period to the extent the Company&#146;s total shareholder return (&#147;<U>TSR</U>&#148;) for the three-year performance period (January 1, 2010 to December 31, 2012) meets or exceeds certain thresholds relative to the total shareholder return for a group of peer companies. &nbsp;The grant of Performance Share Units to each Named Executive Officer represents the target award; each Named Executive Officer has the opportunity to receive a maximum payout equal to 200% of the Performance Share Units granted to him or her, based on the Company&#146;s actual performance level:</P>
<P style="margin-top:0px; margin-bottom:16px" align=justify><BR>
<BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center>1</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:16px; page-break-before:always" align=justify><BR>
<BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0; display:none"><TD width=139.2></TD><TD width=153.467></TD><TD width=175.333></TD><TD width=175.2></TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#FFCC99" valign=bottom width=139.2><P style="line-height:14pt; margin:0px; padding-bottom:4px; font-size:12pt; border-bottom:1px solid #000000" align=center><B>Performance Level</B></P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#FFCC99" valign=bottom width=153.467><P style="line-height:14pt; margin:0px; padding-bottom:4px; font-size:12pt; border-bottom:1px solid #000000" align=center><B>Company&#146;s Percentile<BR>
Rank</B></P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#FFCC99" valign=bottom width=175.333><P style="line-height:14pt; margin:0px; padding-bottom:4px; font-size:12pt; border-bottom:1px solid #000000" align=center><B>Payout as % of Target Award (if Company has positive TSR)</B></P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#FFCC99" valign=bottom width=175.2><P style="line-height:14pt; margin:0px; padding-bottom:4px; font-size:12pt; border-bottom:1px solid #000000" align=center><B>Payout as % of Target Award (if Company has negative TSR)</B></P>
</TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=bottom width=139.2><P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>Maximum</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=bottom width=153.467><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>100% ile</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=bottom width=175.333><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>200%</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=bottom width=175.2><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>100%</P>
</TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#FFCC99" valign=bottom width=139.2><P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>Target</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#FFCC99" valign=bottom width=153.467><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>50% ile</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#FFCC99" valign=bottom width=175.333><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>100%</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#FFCC99" valign=bottom width=175.2><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>50%</P>
</TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=bottom width=139.2><P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>Threshold</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=bottom width=153.467><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>25% ile</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=bottom width=175.333><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>25%</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=bottom width=175.2><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>0%</P>
</TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#FFCC99" valign=bottom width=139.2><P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>Below Threshold</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#FFCC99" valign=bottom width=153.467><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>&lt;25% ile</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#FFCC99" valign=bottom width=175.333><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>0%</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#FFCC99" valign=bottom width=175.2><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>0%</P>
</TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=bottom width=643.2 colspan=4><P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>Note: &nbsp;Amounts interpolated between threshold and maximum.</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify>These grants of Performance Share Units are subject to the terms of the Plan and the form of Performance Share Unit Agreement, each of which is included as an exhibit and incorporated herein by reference. &nbsp;</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; font-size:12pt" align=justify><B>Item 9.01 </B></P>
<P style="line-height:14pt; margin:0px; text-indent:96px; font-size:12pt" align=justify><B>Financial Statements and Exhibits.</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt" align=justify>(d)</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; text-indent:96px; font-size:12pt" align=justify>The exhibits to this current report on Form 8-K are listed in the Exhibit Index, which appears at the end of this report and is incorporated herein by reference.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><BR></P>
<A NAME="_Toc158629411"></A><P style="margin:0px" align=center><BR>
<BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center>2</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="line-height:14pt; margin:0px; font-size:12pt; page-break-before:always" align=center><B>SIGNATURES</B></P>
<P style="margin:0px" align=center><BR></P>
<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>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><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>
</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/ Lisa Manget Buchanan</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 style="line-height:14pt; margin:0px; font-size:12pt" align=center>Lisa Manget Buchanan<BR>
Executive Vice President,<BR>
and General Counsel</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>Date: &nbsp;&nbsp;December 16, 2009</P>
<P style="margin:0px" align=center><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="line-height:14pt; margin:0px; font-size:12pt; page-break-before:always" align=center><B>EXHIBIT INDEX</B></P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0; display:none"><TD width=67.2></TD><TD width=252></TD><TD width=84></TD><TD width=72></TD><TD width=84></TD><TD width=79.2></TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=bottom width=67.2 rowspan=2><P style="line-height:13pt; margin:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center><B>Exhibit No.</B></P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=bottom width=252 rowspan=2><P style="line-height:13pt; margin:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center><B>Exhibit Title</B></P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=bottom width=84 rowspan=2><P style="line-height:13pt; margin:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center><B>Filed with this<BR>
Form 8-K</B></P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=bottom width=235.2 colspan=3><P style="line-height:13pt; margin:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center><B>Incorporated by Reference</B></P>
</TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=bottom width=72><P style="line-height:13pt; margin:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center><B>Form</B></P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=bottom width=84><P style="line-height:13pt; margin:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center><B>File No.</B></P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=bottom width=79.2><P style="line-height:13pt; margin:0px; padding-bottom:4px; font-size:11pt; border-bottom:1px solid #000000" align=center><B>Date Filed</B></P>
</TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=67.2><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>99.1</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=252><P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>Form of Restricted Stock Award Agreement between Cal Dive International, Inc. and each of its executive officers</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=84><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>X</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=72><P>&nbsp;</P></TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=84><P>&nbsp;</P></TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=79.2><P>&nbsp;</P></TD></TR>
<TR><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=top width=67.2><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>99.2</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=top width=252><P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>Form of Performance Share Unit Award Agreement between Cal Dive International, Inc. and each of its executive officers</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=top width=84><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>X</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=top width=72><P>&nbsp;</P></TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=top width=84><P>&nbsp;</P></TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px; background-color:#CCFFCC" valign=top width=79.2><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=67.2><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>99.3</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=252><P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>Cal Dive International, Inc. Amended and Restated 2006 Long-Term Incentive Plan</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=84><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>X</P>
</TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=72><P>&nbsp;</P></TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=84><P>&nbsp;</P></TD><TD style="padding-left:9.6px; padding-top:0px; padding-right:9.6px; padding-bottom:0px" valign=top width=79.2><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
</BODY>
<!-- EDGAR Validation Code: 675E1888 -->
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "form8k121009.htm", "secsgml_size_bytes": 31699}]
{"company-data": {"conformed-name": "Cal Dive International, Inc.", "cik": "0001364100", "assigned-sic": "1389", "irs-number": "611500501", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-33206", "film-number": "091243545"}, "business-address": {"street1": "2500 CITYWEST BOULEVARD", "street2": "SUITE 2200", "city": "HOUSTON", "state": "TX", "zip": "77042", "phone": "713-361-2600"}, "mail-address": {"street1": "2500 CITYWEST BOULEVARD", "street2": "SUITE 2200", "city": "HOUSTON", "state": "TX", "zip": "77042"}}
form8-k_121009.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)
:
December 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 CityWest Boulevard, 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 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e)
Grant of Long-Term Incentive Compensation Awards
.
Restricted Stock
.  On December 10, 2009, the Compensation Committee (the "
Committee
") of the Board of Directors of Cal Dive International, Inc. (the "
Company
") granted awards of restricted stock under the Amended & Restated 2006 Long-Term Incentive Plan (the "
Plan
") to our Chief Executive Officer, our Chief Financial Officer, and the other executive officers for whom we reported compensation information in our most recent proxy statement (our "
Named Executive Officers
") in the amounts provided below.  Each restricted stock grant will vest one-third per year over three years.
Name
Number of Shares of Restricted Stock
Quinn J. Hébert
128,884
Bruce P. Koch
44,420
G. Kregg Lunsford
44,420
Scott T. Naughton
57,980
Lisa Manget Buchanan
37,641
These grants of Restricted Stock are subject to the terms of the Plan and the form of Restricted Stock Agreement, each of which is included as an exhibit and incorporated herein by reference.
Performance Share Units
.  On December 10, 2009, the Committee also granted each Named Executive Officer an award of "
Performance Share Units
," which are structured as restricted stock units under the Plan.  Each Performance Share Unit represents the right to receive the value of a share of the Company's common stock, and will be paid in cash unless the Committee determines to pay in stock.  The Named Executive Officers received the following grants of Performance Share Units:
Name
Target Performance Share Units
Quinn J. Hébert
128,884
Bruce P. Koch
44,420
G. Kregg Lunsford
44,420
Scott T. Naughton
57,980
Lisa Manget Buchanan
37,641
These awards will vest at the end of the performance period to the extent the Company's total shareholder return ("
TSR
") for the three-year performance period (January 1, 2010 to December 31, 2012) meets or exceeds certain thresholds relative to the total shareholder return for a group of peer companies.  The grant of Performance Share Units to each Named Executive Officer represents the target award; each Named Executive Officer has the opportunity to receive a maximum payout equal to 200% of the Performance Share Units granted to him or her, based on the Company's actual performance level:
1
Performance Level
Company's Percentile
Rank
Payout as % of Target Award (if Company has positive TSR)
Payout as % of Target Award (if Company has negative TSR)
Maximum
100% ile
200%
100%
Target
50% ile
100%
50%
Threshold
25% ile
25%
0%
Below Threshold
<25% ile
0%
0%
Note:  Amounts interpolated between threshold and maximum.
These grants of Performance Share Units are subject to the terms of the Plan and the form of Performance Share Unit Agreement, each of which is included as an exhibit and incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits.
(d)
The exhibits to this current report on Form 8-K are listed in the Exhibit Index, which appears at the end of this report and is incorporated herein by reference.
2
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/ Lisa Manget Buchanan
Lisa Manget Buchanan
Executive Vice President,
and General Counsel
Date:   December 16, 2009
EXHIBIT INDEX
Exhibit No.
Exhibit Title
Filed with this
Form 8-K
Incorporated by Reference
Form
File No.
Date Filed
99.1
Form of Restricted Stock Award Agreement between Cal Dive International, Inc. and each of its executive officers
X
99.2
Form of Performance Share Unit Award Agreement between Cal Dive International, Inc. and each of its executive officers
X
99.3
Cal Dive International, Inc. Amended and Restated 2006 Long-Term Incentive Plan
X