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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>As filed with the Securities and Exchange Commission on May&nbsp;7, 2010</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Registration No.&nbsp;333-</B>
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>








<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549<BR>
<DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>Form&nbsp;S-8</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B><BR>

<DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>OCEANEERING INTERNATIONAL, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><I>(Exact name of registrant as specified in its charter)</I></DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
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<TR></TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B><BR>
<I>(State or other jurisdiction of incorporation or organization)</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>95-2628227</B><BR>
<I>(I.R.S. Employer Identification Number)</I></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>11911 FM 529<BR>
Houston, Texas</B><BR>
<B><I>(Address of Principal Executive Offices)</I></B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>77041</B><BR>
<B><I>(Zip Code)</I></B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV><BR>

<B>2010 INCENTIVE PLAN OF OCEANEERING INTERNATIONAL, INC.</B><BR>

<I>(Full title of the plan)</I></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV><BR>

<B>George R. Haubenreich, Jr.<BR>

Senior Vice President, General Counsel and Secretary<BR>

Oceaneering International, Inc.<BR>

11911 FM 529<BR>

Houston, Texas 77041</B><BR>

<I>(Name and address of agent for service)</I></DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 6pt"><I>Telephone number, including area code, of agent for service: </I><B>713-329-4500</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large accelerated
filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule&nbsp;12b-2 of the Exchange Act.
(Check one):</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
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<TR valign="bottom">
    <TD align="center" valign="top"><FONT style="white-space: nowrap">Large accelerated filer </FONT><FONT style="font-family: Wingdings">&#254;</FONT>
</TD>
    <TD>&nbsp;</TD>

<TD align="center" valign="top"><FONT style="white-space: nowrap">Accelerated
filer <FONT style="font-family: Wingdings">&#111;</FONT></FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="white-space: nowrap">Non-accelerated filer <FONT style="font-family: Wingdings">&#111;</FONT></FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT style="white-space: nowrap">Smaller reporting company <FONT style="font-family: Wingdings">&#111;</FONT></FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B>CALCULATION OF REGISTRATION FEE</B></DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="54%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Amount to be</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Proposed maximum offering</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>


    <TD>&nbsp;</TD>

    <TD nowrap align="center" colspan="2"><B>Proposed</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Title of securities to be</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>registered</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>price per share</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>maximum aggregate</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Amount of</B></TD>
    <TD>&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><SUP style="FONT-size: 85%; vertical-align: text-top"><B>(1)(2)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><SUP style="FONT-size: 85%; vertical-align: text-top"><B>(3)</B></SUP></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>offering price</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Registration Fee</B></TD>
    <TD>&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
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<TR valign="bottom">
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par
value $0.25 per
share
<SUP style="FONT-size: 85%; vertical-align: text-top">(4)</SUP></DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">1,600,000</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" style="border-top: 2px solid #000000">$65.68</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" style="border-top: 2px solid #000000">$105,088,000</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" style="border-top: 2px solid #000000">$7,492.77</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<tr style="font-size:6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96">&nbsp;</TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the
&#147;Securities Act&#148;), this Registration Statement also covers an indeterminate number of
additional shares as may become issuable under the 2010 Incentive Plan of Oceaneering
International, Inc. as a result of the antidilution provisions of such Plan.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>In accordance with General Instruction E to Form S-8, this Registration Statement also
covers additional shares of Common Stock (not to exceed 529,500 shares) equal to the number
of shares subject to outstanding awards under the 2005 Incentive Plan of Oceaneering
International, Inc. (the &#147;Prior Plan&#148;) that may in the future be cancelled, terminated,
forfeited, expire unexercised, settled for cash or exchanged for consideration that does
not involve Common Stock and issued under the 2010 Incentive Plan of Oceaneering
International, Inc. Effective March&nbsp;19, 2010, no further awards may be made under the
Prior Plan. The Registrant has previously paid a registration fee in the amount of
$4,728.72 in connection with the shares issuable under the Prior Plan in connection with
the original registration of such shares on Form S-8 (Registration No.&nbsp;333-124947) filed on
May&nbsp;16, 2005.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated pursuant to Rule 457(c) and Rule 457(h) solely for the purpose of computing
the registration fee and based upon the average of the high and low sales price of the
Common Stock of the Registrant reported on the New York Stock Exchange on May 3, 2010.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Includes the associated rights to purchase preferred stock, which initially are
attached to and trade with the shares of Common Stock being registered by this Registration
Statement.</TD>
</TR>

</TABLE>



<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
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</TR>
<TR><TD colspan="9"><A HREF="#000">PART I</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PART II</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;3. Incorporation of Documents by Reference</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;4. Description of Securities</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;5. Interests of Named Experts and Counsel</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;6. Indemnification of Directors and Officers</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;7. Exemption from Registration Claimed</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;8. Exhibits</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#008">Item&nbsp;9. Undertakings</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009"> SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#010"> EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="h72705exv4w6.htm">EX-4.6</A></TD></TR>
<TR><TD colspan="9"><A HREF="h72705exv5.htm">EX-5</A></TD></TR>
<TR><TD colspan="9"><A HREF="h72705exv23w2.htm">EX-23.2</A></TD></TR>
</TABLE>
</CENTER>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>



<!-- link1 "PART I" -->
<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Note: The document(s) containing the employee benefit plan information required by Item&nbsp;1 of
Form S-8 and the statement of availability of registrant information and any other information
required by Item&nbsp;2 of Form S-8 will be sent or given to participants as specified by Rule&nbsp;428 under
the Securities Act of 1933, as amended (the &#147;Securities Act&#148;). In accordance with Rule&nbsp;428 and the
requirements of Part&nbsp;I of Form S-8, such documents are not being filed with the Securities and
Exchange Commission (the &#147;SEC&#148;) either as part of this Registration Statement or as prospectuses or
prospectus supplements pursuant to Rule&nbsp;424 under the Securities Act. The registrant shall
maintain a file of such documents in accordance with the provisions of Rule&nbsp;428. Upon request, the
registrant shall furnish to the SEC or its staff a copy or copies of all of the documents included
in such file.
</DIV>
<!-- link1 "PART II" -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>
</DIV>

<!-- link2 "Item&nbsp;3. Incorporation of Documents by Reference" -->
<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement incorporates by reference the following documents which have been
filed with the SEC pursuant to the Securities Exchange Act of 1934, as amended (the &#147;Exchange
Act&#148;), by Oceaneering International, Inc., a Delaware
corporation (&#147;Oceaneering&#148;):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;Our Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;Our Quarterly Report on Form 10-Q for the quarter ended March&nbsp;31, 2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;The description of our common stock, par value $.25 per share (&#147;Common Stock&#148;) contained in
Oceaneering&#146;s Registration Statement on Form 8-A, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;The description of the Rights to Purchase Series&nbsp;B Junior Participating Preferred Stock,
par value $1.00 per share, contained in Oceaneering&#146;s Registration Statement on Form 8-A, as
amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed by Oceaneering pursuant to Sections&nbsp;13(a), 13(c), 14 or 15(d) of the
Exchange Act subsequent to the date of this Registration Statement and prior to the filing of a
post-effective amendment to this Registration Statement which indicates that all securities offered
by this Registration Statement have been sold or which deregisters all securities then remaining
unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a
part of this Registration Statement from the date of filing such documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in this Registration Statement, in an amendment to this Registration
Statement or in a document incorporated by reference, shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that such statement is modified or
superseded by a statement contained in any subsequently filed supplement to this Registration
Statement or in any document that also is incorporated by reference. Any statement so modified or
superseded shall not be deemed, except as so modified or superseded, to constitute a part of this
Registration Statement.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPERTS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The consolidated financial statements of Oceaneering International, Inc. at December&nbsp;31, 2009
and 2008, and for each of the years in the three-year period ended December&nbsp;31, 2009, appearing in
Oceaneering&#146;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2009 (the &#147;Annual
Report&#148;), have been audited by Ernst &#038; Young LLP, independent registered public accounting firm, as
set forth in their report included in the Annual Report and have been incorporated in this
Registration Statement by reference, and have been so incorporated upon the authority of such firm
as experts in accounting and auditing.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link2 "Item&nbsp;4. Description of Securities" -->
<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4. Description of Securities.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.
</DIV>
<!-- link2 "Item&nbsp;5. Interests of Named Experts and Counsel" -->
<DIV align="left"><A NAME="004"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Haubenreich, who is passing on the legality of the Common Stock offered hereby, as of May
5, 2010 owned approximately 47,120 shares of Common Stock (including 23,600 shares that are represented by restricted stock units
credited under employee benefit plans which are subject to vesting
and settlement).
</DIV>
<!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers" -->
<DIV align="left"><A NAME="005"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>Delaware General Corporation Law</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145 of the Delaware General Corporation Law provides that a corporation may indemnify
any person who was or is a party or is threatened to be made a party to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or investigative
(other than an action by or in the right of the corporation) by reason of the fact that he is or
was a director, officer, employee or agent of the corporation, against expenses (including
attorneys&#146; fees), judgments, fines and amounts paid in settlement in connection with such action,
suit or proceeding if such person acted in good faith and in a manner he or she reasonably believed
to be in or not opposed to the best interests of the corporation, and, with respect to any criminal
proceeding, had no reasonable cause to believe his or her conduct was unlawful. A similar standard
of care is applicable in the case of derivative actions, except that indemnification only extends
to expenses (including attorneys&#146; fees) actually and reasonably incurred in connection with defense
or settlement of such an action and court approval is required before there can be any
indemnification where the person seeking indemnification has been found liable to the corporation.
To the extent that a director or officer of a corporation has been successful on the merits or
otherwise in defense of any action referred to above, or in defense of any such action or claim,
issue or matter, that person shall be indemnified against expenses (including attorneys&#146; fees)
actually and reasonably incurred in connection with such action or claim, issue or matter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Bylaws</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;VI of Oceaneering&#146;s amended and restated bylaws provides that Oceaneering will
indemnify and hold harmless each of its directors and officers, to the fullest extent applicable
law permits, from and against any and all judgments, penalties, fines (including excise taxes),
amounts paid in settlement and, subject to certain limitations, expenses arising out of any claim,
other than a claim brought by or on behalf of Oceaneering or a related enterprise, by reason of the
fact that: (1)&nbsp;such person is or was a director or an officer of Oceaneering; or (2)&nbsp;while a
director or an officer, such person served, at the request of Oceaneering, as a director, officer,
manager, administrator, employee, agent or representative of a related enterprise (any person
described in item 1 or 2, is referred to as an &#147;Eligible Indemnitee&#148;). For claims brought by or on
behalf of Oceaneering or a related enterprise, Oceaneering will indemnify an Eligible Indemnitee
for all expenses reasonably incurred as a result of such claim if the Eligible Indemnitee is not
adjudged liable under such claim or if the court making the adjudication of liability against the
Eligible Indemnitee determines that despite such an adjudication, the circumstances in the case
warrant that the Eligible Indemnitee be indemnified for expenses reasonably incurred. Article&nbsp;VI
of Oceaneering&#146;s amended and restated bylaws also provides that Oceaneering may advance funds to an
Eligible Indemnitee to cover expenses he or she incurs in defending against any action, suit or
proceeding that may give rise to a right to indemnification upon receipt of an undertaking by or on
behalf of such person to repay such amount if it is ultimately determined that such person is not
entitled to be indemnified by Oceaneering. Oceaneering may, to the extent and in the manner
applicable law permits, indemnify and advance expenses to persons other than present or former
directors or officers of Oceaneering, when authorized by the Board of Directors of Oceaneering or
other appropriate corporate action.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oceaneering has also entered into indemnification agreements with each of its directors. These
indemnification agreements generally provide Oceaneering&#146;s directors with a contractual right of
indemnification to the same extent provided by Section&nbsp;145 of the Delaware General Corporation Law
and a contractual right to advancement of expenses consistent with the provisions of Article&nbsp;VI of
Oceaneering&#146;s amended and restated bylaws.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>Certificate of Incorporation</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additionally, Oceaneering&#146;s certificate of incorporation, as amended, contains a provision
that eliminates the personal liability of directors to Oceaneering or its stockholders for monetary
damages for breach of the director&#146;s fiduciary duty of care as a director. As a result,
stockholders may be unable to recover monetary damages against directors for negligent or grossly
negligent acts or omissions in violation of their duty of care. The provision does not change the
liability of a director for breach of his duty of loyalty to Oceaneering or to stockholders, for
acts or omissions not in good faith or which involve intentional misconduct or a knowing violation
of law, for the declaration or payment of dividends in violation of Delaware law, or in respect of
any transaction from which that director receives an improper personal benefit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oceaneering also maintains directors&#146; and officers&#146; liability insurance for its directors and
officers that protects them from certain losses arising from claims or charges made against them in
their capacities as directors or officers of Oceaneering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><I>2010 Incentive Plan</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, Section&nbsp;6 of Oceaneering&#146;s 2010 Incentive Plan (the &#147;2010 Incentive Plan&#148;)
provides that no member of the Compensation Committee of the Board of Directors of Oceaneering or
officers of Oceaneering who administers the 2010 Incentive Plan shall be liable for anything done
or omitted to be done by him or her in connection with the performance of duties under the 2010
Incentive Plan, except for his or her own willful misconduct or as expressly provided by statute.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The discussion of Oceaneering&#146;s Certificate of Incorporation, Bylaws, 2010 Incentive Plan and
Section&nbsp;145 of the Delaware General Corporation Law included in this Item&nbsp;6 is intended to be only
a summary and is qualified in its entirety by the full text of each of the foregoing.
</DIV>
<!-- link2 "Item&nbsp;7. Exemption from Registration Claimed" -->
<DIV align="left"><A NAME="006"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7. Exemption from Registration Claimed</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link2 "Item&nbsp;8. Exhibits" -->
<DIV align="left"><A NAME="007"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Exhibits</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD colspan="2" nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">*
</DIV></TD>
    <TD align="left" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Restated Certificate of Incorporation of Oceaneering (filed as Exhibit&nbsp;3.01 to
Oceaneering&#146;s Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 2000).</TD>
</TR>
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">*
</DIV></TD>
    <TD align="left" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certificate of Amendment to Restated Certificate of Incorporation of Oceaneering
(filed as Exhibit&nbsp;3.1 to Oceaneering&#146;s Current Report on Form&nbsp;8-K filed May&nbsp;16,
2008).</TD>
</TR>
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">*
</DIV></TD>
    <TD align="left" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Bylaws of Oceaneering (filed as Exhibit&nbsp;3.1 to Oceaneering&#146;s
Current Report on Form&nbsp;8-K filed December&nbsp;3, 2007).</TD>
</TR>
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">*
</DIV></TD>
    <TD align="left" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Specimen Stock Certificate for Common Stock (filed as Exhibit&nbsp;4(a) to
Oceaneering&#146;s Annual Report on Form&nbsp;10-K for the year ended March&nbsp;31, 1993).</TD>
</TR>
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">*
</DIV></TD>
    <TD align="left" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Shareholder Rights Agreement dated as of November&nbsp;16, 2001
(filed as Exhibit&nbsp;4.1 to Oceaneering&#146;s Current Report on Form&nbsp;8-K filed November
20, 2001).</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2010 Incentive Plan of Oceaneering International, Inc.</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
<DIV style="margin-left:0px; text-indent:-0px">5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of George R. Haubenreich, Jr.</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of George R. Haubenreich, Jr. (included in Exhibit&nbsp;5).</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm.</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
<DIV style="margin-left:0px; text-indent:-0px">24
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included on the signature page of this registration statement).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Incorporated by reference to the filing indicated.</TD>
</TR>

</TABLE>


<!-- link2 "Item&nbsp;9. Undertakings" -->
<DIV align="left"><A NAME="008"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9. Undertakings</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The undersigned registrant hereby undertakes:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To include any prospectus required by Section
10(a)(3) of the Securities Act of 1933;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To reflect in the prospectus any facts or
events arising after the effective date of this Registration Statement
(or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the
information set forth in the Registration Statement. Notwithstanding
the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of
prospectus filed with the Securities and Exchange Commission pursuant
to Rule 424(b) of the Securities Act of 1933 if, in the aggregate, the
changes in volume and price represent no more than a 20% change in the
maximum aggregate offering price set forth in the &#147;Calculation of
Registration Fee&#148; table in the effective Registration Statement; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To include any material information with
respect to the plan of distribution not previously disclosed in this
Registration Statement or any material change to such information in
this Registration Statement;</TD>
</TR>



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><I>&nbsp;</I></TD>
    <TD width="1%"><I>&nbsp;</I></TD>
    <TD><I>Provided</I>, <I>however, </I>that the undertakings set forth in paragraphs (a)(1)(i) and
(a)(1)(ii) above do not apply if the information required to be included in a
post-effective amendment by those paragraphs is contained in periodic reports filed
by the registrant pursuant to Section&nbsp;13 or Section 15(d) of the Securities Exchange
Act of 1934 that are incorporated by reference in this Registration Statement.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>That, for the purpose of determining any liability under the Securities Act of
1933, each such post-effective amendment shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the offering.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the registrant&#146;s annual report pursuant
to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable,
each filing of an employee benefit plan&#146;s annual report pursuant to Section 15(d) of the Securities
Exchange Act of 1934) that is incorporated by reference in this Registration Statement shall be
deemed to be a new registration statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be the initial bona fide offering
thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in
the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer or controlling person of the registrant in the successful
defense of any action, suit or proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, the registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is against public policy
as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such
issue.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 " SIGNATURES" -->
<DIV align="left"><A NAME="009"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Houston, State of Texas, on the 7th day of May, 2010.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">OCEANEERING INTERNATIONAL, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ T. Jay Collins
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">T. Jay Collins&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby
constitutes and appoints T. Jay Collins, Marvin J. Migura and George R. Haubenreich, Jr. or any of
them, each with power to act without the other, his true and lawful attorney-in-fact and agent,
with full power of substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities to sign any and all pre- and post-effective amendments and supplements to
this Registration Statement, and to file or cause to be filed the same, with all exhibits thereto
and all other documents in connection therewith, with the SEC, granting unto each said
attorney-in-fact and agent full power and authority to do and perform each and every act and thing
appropriate or necessary to be done in and about the premises, as fully and for all intents and
purposes as he might or could do in person, hereby ratifying and confirming all that said
attorney-in-fact and agent or any of them or their substitutes, may lawfully do or cause to be done
by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed by the following persons in the capacities indicated on May&nbsp;7, 2010.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="54%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
</TR>
<TR><td>&nbsp;</td></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ T. Jay Collins
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
T. Jay Collins
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">President, Chief Executive&nbsp;Officer
and Director (Principal
Executive Officer)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Marvin J. Migura
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Marvin J. Migura
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Senior Vice President&nbsp;and
Chief Financial Officer
(Principal Financial Officer)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ W. Cardon Gerner
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
W. Cardon Gerner
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Vice President and Chief&nbsp;Accounting
Officer
(Principal Accounting Officer)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Jerold J. Desroche
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jerold J. Desroche</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ David S. Hooker
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">David S. Hooker</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="54%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
</TR>
<TR><td>&nbsp;</td></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ John R. Huff
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director, Chairman of the Board&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John R. Huff</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ D. Michael Hughes
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">D. Michael Hughes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Harris J. Pappas
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Harris J. Pappas</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

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<DIV align="left"><A NAME="010"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
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    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD colspan="2" nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">*
</DIV></TD>
    <TD align="left" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Restated Certificate of Incorporation of Oceaneering (filed as Exhibit&nbsp;3.01 to
Oceaneering&#146;s Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 2000).</TD>
</TR>
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">*
</DIV></TD>
    <TD align="left" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certificate of Amendment to Restated Certificate of Incorporation of Oceaneering
(filed as Exhibit&nbsp;3.1 to Oceaneering&#146;s Current Report on Form&nbsp;8-K filed May&nbsp;16,
2008).</TD>
</TR>
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">*
</DIV></TD>
    <TD align="left" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Bylaws of Oceaneering (filed as Exhibit&nbsp;3.1 to Oceaneering&#146;s
Current Report on Form&nbsp;8-K filed December&nbsp;3, 2007).</TD>
</TR>
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">*
</DIV></TD>
    <TD align="left" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Specimen Stock Certificate for Common Stock (filed as Exhibit&nbsp;4(a) to
Oceaneering&#146;s Annual Report on Form&nbsp;10-K for the year ended March&nbsp;31, 1993).</TD>
</TR>
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">*
</DIV></TD>
    <TD align="left" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Shareholder Rights Agreement dated as of November&nbsp;16, 2001
(filed as Exhibit&nbsp;4.1 to Oceaneering&#146;s Current Report on Form&nbsp;8-K filed November
20, 2001).</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2010 Incentive Plan of Oceaneering International, Inc.</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
<DIV style="margin-left:0px; text-indent:-0px">5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of George R. Haubenreich, Jr.</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of George R. Haubenreich, Jr. (included in Exhibit&nbsp;5).</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm.</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
<DIV style="margin-left:0px; text-indent:-0px">24
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#151;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Powers of Attorney (included on the signature page of this registration statement).</TD>
</TR>
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    <TD width="96"></TD>
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    <TD>&nbsp;</TD>
    <TD>Incorporated by reference to the filing indicated.</TD>
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sv8
Table of Contents
As filed with the Securities and Exchange Commission on May 7, 2010
Registration No. 333-
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
OCEANEERING INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
95-2628227
(I.R.S. Employer Identification Number)
11911 FM 529
Houston, Texas
(Address of Principal Executive Offices)
77041
(Zip Code)
2010 INCENTIVE PLAN OF OCEANEERING INTERNATIONAL, INC.
(Full title of the plan)
George R. Haubenreich, Jr.
Senior Vice President, General Counsel and Secretary
Oceaneering International, Inc.
11911 FM 529
Houston, Texas 77041
(Name and address of agent for service)
Telephone number, including area code, of agent for service:
713-329-4500
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated
filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
(Check one):
Large accelerated filer
þ
Accelerated
filer
o
Non-accelerated filer
o
Smaller reporting company
o
CALCULATION OF REGISTRATION FEE
Amount to be
Proposed maximum offering
Proposed
Title of securities to be
registered
price per share
maximum aggregate
Amount of
registered
(1)(2)
(3)
offering price
Registration Fee
Common Stock, par
value $0.25 per
share
(4)
1,600,000
$65.68
$105,088,000
$7,492.77
(1)
Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the
"Securities Act"), this Registration Statement also covers an indeterminate number of
additional shares as may become issuable under the 2010 Incentive Plan of Oceaneering
International, Inc. as a result of the antidilution provisions of such Plan.
(2)
In accordance with General Instruction E to Form S-8, this Registration Statement also
covers additional shares of Common Stock (not to exceed 529,500 shares) equal to the number
of shares subject to outstanding awards under the 2005 Incentive Plan of Oceaneering
International, Inc. (the "Prior Plan") that may in the future be cancelled, terminated,
forfeited, expire unexercised, settled for cash or exchanged for consideration that does
not involve Common Stock and issued under the 2010 Incentive Plan of Oceaneering
International, Inc. Effective March 19, 2010, no further awards may be made under the
Prior Plan. The Registrant has previously paid a registration fee in the amount of
$4,728.72 in connection with the shares issuable under the Prior Plan in connection with
the original registration of such shares on Form S-8 (Registration No. 333-124947) filed on
May 16, 2005.
(3)
Estimated pursuant to Rule 457(c) and Rule 457(h) solely for the purpose of computing
the registration fee and based upon the average of the high and low sales price of the
Common Stock of the Registrant reported on the New York Stock Exchange on May 3, 2010.
(4)
Includes the associated rights to purchase preferred stock, which initially are
attached to and trade with the shares of Common Stock being registered by this Registration
Statement.
TABLE OF CONTENTS
PART I
PART II
Item 3. Incorporation of Documents by Reference
Item 4. Description of Securities
Item 5. Interests of Named Experts and Counsel
Item 6. Indemnification of Directors and Officers
Item 7. Exemption from Registration Claimed
Item 8. Exhibits
Item 9. Undertakings
SIGNATURES
EXHIBIT INDEX
EX-4.6
EX-5
EX-23.2
Table of Contents
PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
Note: The document(s) containing the employee benefit plan information required by Item 1 of
Form S-8 and the statement of availability of registrant information and any other information
required by Item 2 of Form S-8 will be sent or given to participants as specified by Rule 428 under
the Securities Act of 1933, as amended (the "Securities Act"). In accordance with Rule 428 and the
requirements of Part I of Form S-8, such documents are not being filed with the Securities and
Exchange Commission (the "SEC") either as part of this Registration Statement or as prospectuses or
prospectus supplements pursuant to Rule 424 under the Securities Act. The registrant shall
maintain a file of such documents in accordance with the provisions of Rule 428. Upon request, the
registrant shall furnish to the SEC or its staff a copy or copies of all of the documents included
in such file.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
This Registration Statement incorporates by reference the following documents which have been
filed with the SEC pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), by Oceaneering International, Inc., a Delaware
corporation ("Oceaneering"):
1. Our Annual Report on Form 10-K for the fiscal year ended December 31, 2009.
2. Our Quarterly Report on Form 10-Q for the quarter ended March 31, 2010.
3. The description of our common stock, par value $.25 per share ("Common Stock") contained in
Oceaneering's Registration Statement on Form 8-A, as amended.
4. The description of the Rights to Purchase Series B Junior Participating Preferred Stock,
par value $1.00 per share, contained in Oceaneering's Registration Statement on Form 8-A, as
amended.
All documents filed by Oceaneering pursuant to Sections 13(a), 13(c), 14 or 15(d) of the
Exchange Act subsequent to the date of this Registration Statement and prior to the filing of a
post-effective amendment to this Registration Statement which indicates that all securities offered
by this Registration Statement have been sold or which deregisters all securities then remaining
unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a
part of this Registration Statement from the date of filing such documents.
Any statement contained in this Registration Statement, in an amendment to this Registration
Statement or in a document incorporated by reference, shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that such statement is modified or
superseded by a statement contained in any subsequently filed supplement to this Registration
Statement or in any document that also is incorporated by reference. Any statement so modified or
superseded shall not be deemed, except as so modified or superseded, to constitute a part of this
Registration Statement.
EXPERTS
The consolidated financial statements of Oceaneering International, Inc. at December 31, 2009
and 2008, and for each of the years in the three-year period ended December 31, 2009, appearing in
Oceaneering's Annual Report on Form 10-K for the year ended December 31, 2009 (the "Annual
Report"), have been audited by Ernst & Young LLP, independent registered public accounting firm, as
set forth in their report included in the Annual Report and have been incorporated in this
Registration Statement by reference, and have been so incorporated upon the authority of such firm
as experts in accounting and auditing.
Table of Contents
Item 4. Description of Securities.
Not Applicable.
Item 5. Interests of Named Experts and Counsel.
Mr. Haubenreich, who is passing on the legality of the Common Stock offered hereby, as of May
5, 2010 owned approximately 47,120 shares of Common Stock (including 23,600 shares that are represented by restricted stock units
credited under employee benefit plans which are subject to vesting
and settlement).
Item 6. Indemnification of Directors and Officers.
Delaware General Corporation Law
Section 145 of the Delaware General Corporation Law provides that a corporation may indemnify
any person who was or is a party or is threatened to be made a party to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or investigative
(other than an action by or in the right of the corporation) by reason of the fact that he is or
was a director, officer, employee or agent of the corporation, against expenses (including
attorneys' fees), judgments, fines and amounts paid in settlement in connection with such action,
suit or proceeding if such person acted in good faith and in a manner he or she reasonably believed
to be in or not opposed to the best interests of the corporation, and, with respect to any criminal
proceeding, had no reasonable cause to believe his or her conduct was unlawful. A similar standard
of care is applicable in the case of derivative actions, except that indemnification only extends
to expenses (including attorneys' fees) actually and reasonably incurred in connection with defense
or settlement of such an action and court approval is required before there can be any
indemnification where the person seeking indemnification has been found liable to the corporation.
To the extent that a director or officer of a corporation has been successful on the merits or
otherwise in defense of any action referred to above, or in defense of any such action or claim,
issue or matter, that person shall be indemnified against expenses (including attorneys' fees)
actually and reasonably incurred in connection with such action or claim, issue or matter.
Bylaws
Article VI of Oceaneering's amended and restated bylaws provides that Oceaneering will
indemnify and hold harmless each of its directors and officers, to the fullest extent applicable
law permits, from and against any and all judgments, penalties, fines (including excise taxes),
amounts paid in settlement and, subject to certain limitations, expenses arising out of any claim,
other than a claim brought by or on behalf of Oceaneering or a related enterprise, by reason of the
fact that: (1) such person is or was a director or an officer of Oceaneering; or (2) while a
director or an officer, such person served, at the request of Oceaneering, as a director, officer,
manager, administrator, employee, agent or representative of a related enterprise (any person
described in item 1 or 2, is referred to as an "Eligible Indemnitee"). For claims brought by or on
behalf of Oceaneering or a related enterprise, Oceaneering will indemnify an Eligible Indemnitee
for all expenses reasonably incurred as a result of such claim if the Eligible Indemnitee is not
adjudged liable under such claim or if the court making the adjudication of liability against the
Eligible Indemnitee determines that despite such an adjudication, the circumstances in the case
warrant that the Eligible Indemnitee be indemnified for expenses reasonably incurred. Article VI
of Oceaneering's amended and restated bylaws also provides that Oceaneering may advance funds to an
Eligible Indemnitee to cover expenses he or she incurs in defending against any action, suit or
proceeding that may give rise to a right to indemnification upon receipt of an undertaking by or on
behalf of such person to repay such amount if it is ultimately determined that such person is not
entitled to be indemnified by Oceaneering. Oceaneering may, to the extent and in the manner
applicable law permits, indemnify and advance expenses to persons other than present or former
directors or officers of Oceaneering, when authorized by the Board of Directors of Oceaneering or
other appropriate corporate action.
Oceaneering has also entered into indemnification agreements with each of its directors. These
indemnification agreements generally provide Oceaneering's directors with a contractual right of
indemnification to the same extent provided by Section 145 of the Delaware General Corporation Law
and a contractual right to advancement of expenses consistent with the provisions of Article VI of
Oceaneering's amended and restated bylaws.
Table of Contents
Certificate of Incorporation
Additionally, Oceaneering's certificate of incorporation, as amended, contains a provision
that eliminates the personal liability of directors to Oceaneering or its stockholders for monetary
damages for breach of the director's fiduciary duty of care as a director. As a result,
stockholders may be unable to recover monetary damages against directors for negligent or grossly
negligent acts or omissions in violation of their duty of care. The provision does not change the
liability of a director for breach of his duty of loyalty to Oceaneering or to stockholders, for
acts or omissions not in good faith or which involve intentional misconduct or a knowing violation
of law, for the declaration or payment of dividends in violation of Delaware law, or in respect of
any transaction from which that director receives an improper personal benefit.
Oceaneering also maintains directors' and officers' liability insurance for its directors and
officers that protects them from certain losses arising from claims or charges made against them in
their capacities as directors or officers of Oceaneering.
2010 Incentive Plan
In addition, Section 6 of Oceaneering's 2010 Incentive Plan (the "2010 Incentive Plan")
provides that no member of the Compensation Committee of the Board of Directors of Oceaneering or
officers of Oceaneering who administers the 2010 Incentive Plan shall be liable for anything done
or omitted to be done by him or her in connection with the performance of duties under the 2010
Incentive Plan, except for his or her own willful misconduct or as expressly provided by statute.
The discussion of Oceaneering's Certificate of Incorporation, Bylaws, 2010 Incentive Plan and
Section 145 of the Delaware General Corporation Law included in this Item 6 is intended to be only
a summary and is qualified in its entirety by the full text of each of the foregoing.
Item 7. Exemption from Registration Claimed
Not Applicable.
Table of Contents
Item 8. Exhibits
Exhibit Number
Description
*
4.1
—
Restated Certificate of Incorporation of Oceaneering (filed as Exhibit 3.01 to
Oceaneering's Annual Report on Form 10-K for the year ended December 31, 2000).
*
4.2
—
Certificate of Amendment to Restated Certificate of Incorporation of Oceaneering
(filed as Exhibit 3.1 to Oceaneering's Current Report on Form 8-K filed May 16,
2008).
*
4.3
—
Amended and Restated Bylaws of Oceaneering (filed as Exhibit 3.1 to Oceaneering's
Current Report on Form 8-K filed December 3, 2007).
*
4.4
—
Specimen Stock Certificate for Common Stock (filed as Exhibit 4(a) to
Oceaneering's Annual Report on Form 10-K for the year ended March 31, 1993).
*
4.5
—
Amended and Restated Shareholder Rights Agreement dated as of November 16, 2001
(filed as Exhibit 4.1 to Oceaneering's Current Report on Form 8-K filed November
20, 2001).
4.6
—
2010 Incentive Plan of Oceaneering International, Inc.
5
—
Opinion of George R. Haubenreich, Jr.
23.1
—
Consent of George R. Haubenreich, Jr. (included in Exhibit 5).
23.2
—
Consent of Independent Registered Public Accounting Firm.
24
—
Powers of Attorney (included on the signature page of this registration statement).
*
Incorporated by reference to the filing indicated.
Item 9. Undertakings
(a) The undersigned registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement:
(i)
To include any prospectus required by Section
10(a)(3) of the Securities Act of 1933;
(ii)
To reflect in the prospectus any facts or
events arising after the effective date of this Registration Statement
(or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the
information set forth in the Registration Statement. Notwithstanding
the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of
prospectus filed with the Securities and Exchange Commission pursuant
to Rule 424(b) of the Securities Act of 1933 if, in the aggregate, the
changes in volume and price represent no more than a 20% change in the
maximum aggregate offering price set forth in the "Calculation of
Registration Fee" table in the effective Registration Statement; and
(iii)
To include any material information with
respect to the plan of distribution not previously disclosed in this
Registration Statement or any material change to such information in
this Registration Statement;
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Provided
,
however,
that the undertakings set forth in paragraphs (a)(1)(i) and
(a)(1)(ii) above do not apply if the information required to be included in a
post-effective amendment by those paragraphs is contained in periodic reports filed
by the registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange
Act of 1934 that are incorporated by reference in this Registration Statement.
(2)
That, for the purpose of determining any liability under the Securities Act of
1933, each such post-effective amendment shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
(3)
To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the offering.
(b) The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant
to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable,
each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Securities
Exchange Act of 1934) that is incorporated by reference in this Registration Statement shall be
deemed to be a new registration statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be the initial bona fide offering
thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy as expressed in
the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer or controlling person of the registrant in the successful
defense of any action, suit or proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, the registrant will, unless in the
opinion of its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is against public policy
as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such
issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Houston, State of Texas, on the 7th day of May, 2010.
OCEANEERING INTERNATIONAL, INC.
By:
/s/ T. Jay Collins
T. Jay Collins
Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below hereby
constitutes and appoints T. Jay Collins, Marvin J. Migura and George R. Haubenreich, Jr. or any of
them, each with power to act without the other, his true and lawful attorney-in-fact and agent,
with full power of substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities to sign any and all pre- and post-effective amendments and supplements to
this Registration Statement, and to file or cause to be filed the same, with all exhibits thereto
and all other documents in connection therewith, with the SEC, granting unto each said
attorney-in-fact and agent full power and authority to do and perform each and every act and thing
appropriate or necessary to be done in and about the premises, as fully and for all intents and
purposes as he might or could do in person, hereby ratifying and confirming all that said
attorney-in-fact and agent or any of them or their substitutes, may lawfully do or cause to be done
by virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed by the following persons in the capacities indicated on May 7, 2010.
Signature
Title
/s/ T. Jay Collins
T. Jay Collins
President, Chief Executive Officer
and Director (Principal
Executive Officer)
/s/ Marvin J. Migura
Marvin J. Migura
Senior Vice President and
Chief Financial Officer
(Principal Financial Officer)
/s/ W. Cardon Gerner
W. Cardon Gerner
Vice President and Chief Accounting
Officer
(Principal Accounting Officer)
/s/ Jerold J. Desroche
Director
Jerold J. Desroche
/s/ David S. Hooker
Director
David S. Hooker
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Signature
Title
/s/ John R. Huff
Director, Chairman of the Board
John R. Huff
/s/ D. Michael Hughes
Director
D. Michael Hughes
/s/ Harris J. Pappas
Director
Harris J. Pappas
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EXHIBIT INDEX
Exhibit Number
Description
*
4.1
—
Restated Certificate of Incorporation of Oceaneering (filed as Exhibit 3.01 to
Oceaneering's Annual Report on Form 10-K for the year ended December 31, 2000).
*
4.2
—
Certificate of Amendment to Restated Certificate of Incorporation of Oceaneering
(filed as Exhibit 3.1 to Oceaneering's Current Report on Form 8-K filed May 16,
2008).
*
4.3
—
Amended and Restated Bylaws of Oceaneering (filed as Exhibit 3.1 to Oceaneering's
Current Report on Form 8-K filed December 3, 2007).
*
4.4
—
Specimen Stock Certificate for Common Stock (filed as Exhibit 4(a) to
Oceaneering's Annual Report on Form 10-K for the year ended March 31, 1993).
*
4.5
—
Amended and Restated Shareholder Rights Agreement dated as of November 16, 2001
(filed as Exhibit 4.1 to Oceaneering's Current Report on Form 8-K filed November
20, 2001).
4.6
—
2010 Incentive Plan of Oceaneering International, Inc.
5
—
Opinion of George R. Haubenreich, Jr.
23.1
—
Consent of George R. Haubenreich, Jr. (included in Exhibit 5).
23.2
—
Consent of Independent Registered Public Accounting Firm.
24
—
Powers of Attorney (included on the signature page of this registration statement).
*
Incorporated by reference to the filing indicated.