Edgar Filing: ATWOOD OCEANICS INC

Ownership Submission

FORM 3

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

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

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Quintero Alan

2. Date of Event Requiring Statement (Month/Day/Year)
04/05/2007

3. Issuer Name and Ticker or Trading Symbol
ATWOOD OCEANICS INC [ATW]

(Last)

(First)

(Middle)

15835 PARK TEN PLACE DRIVE

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

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Vice President - Engineering

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

(Street)

HOUSTON,Â TXÂ 77084

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Atwood Oceanics, Inc. Common Stock	9,000	D	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Nonqualified Stock Options ⁽¹⁾	Â ⁽¹⁾	12/04/2007	Common Stock	10,000	$ 24.38	D	Â
Nonqualified Stock Options ⁽¹⁾	Â ⁽¹⁾	12/02/2009	Common Stock	8,750	$ 18.88	D	Â
Nonqualified Stock Options ⁽¹⁾	Â ⁽¹⁾	12/07/2010	Common Stock	1,250	$ 15.35	D	Â
Nonqualified Stock Options ⁽¹⁾	Â ⁽¹⁾	09/06/2011	Common Stock	2,000	$ 16.08	D	Â
Nonqualified Stock Options ⁽²⁾	Â ⁽²⁾	09/12/2012	Common Stock	8,000	$ 15.38	D	Â
Nonqualified Stock Options ⁽²⁾	Â ⁽²⁾	12/04/2013	Common Stock	15,000	$ 13.5	D	Â
Nonqualified Stock Options ⁽²⁾	Â ⁽²⁾	12/02/2014	Common Stock	15,000	$ 24.62	D	Â
Nonqualified Stock Options ⁽²⁾	Â ⁽²⁾	12/11/2015	Common Stock	2,000	$ 37.15	D	Â
Nonqualified Stock Options ⁽²⁾	Â ⁽²⁾	12/07/2016	Common Stock	3,000	$ 49.97	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Quintero Alan 15835 PARK TEN PLACE DRIVE HOUSTON,Â TXÂ 77084	Â	Â	Â Vice President - Engineering	Â

Signatures

Alan Quintero		04/11/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	These options were granted for a term of ten (10) years (pursuant to Atwood Oceanics, Inc. 1996 Plan), with twenty-five percent (25%) of such options becoming exercisable at each of two (2) years, three (3) years, four (4) years and five (5) years respectively, from the date of grant.
(2)	These options were granted for a term of ten (10) years (pursuant to Atwood Oceanics, Inc. 2001 Plan), with twenty-five percent (25%) of such options becoming exercisable at each of one (1) year, two (2) years, (3) years and four (4) years respectively, from the date of grant

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