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FORM 4
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[ ] CHECK THIS BOX IF NO
    LONGER SUBJECT TO
    SECTION 16. FORM 4
    OR FORM 5 OBLIGATIONS
    MAY CONTINUE. SEE
    INSTRUCTION 1(b).

                    U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

   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(f) of the Investment Company Act of 1940

                                                                                                       
(Print or Type Responses)
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 1. Name and Address of Reporting Person       2. Issuer Name and Ticker or Trading Symbol   6. Relationship of Reporting Person
  PURSELL         WADE                          Cal Dive International, Inc. "CDIS"               to Issuer (Check all applicable)
- ---------------------------------------------  ----------------------------------------------       Director         10% Owner
  (Last)          (First)          (Middle)    3. IRS or Social           4. Statement for      ----              ---
  Cal Dive International, Inc.                    Security Number            Month/Year          X  Officer (give    Other (Specify
  400 N. Sam Houston Pkwy. E., Suite 400          of Reporting Person      DECEMBER 2001        ----        title ---       below)
- ---------------------------------------------     (Voluntary)             -------------------               below)
                 (Street)                                                 5. If Amendment,
  Houston,          Texas            77060                                   Date of Original
- ---------------------------------------------     --------------------       (Month/Year)                   Vice President
  (City)           (State)           (Zip)                                                          -----------------------------
                                                                             -------------
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                                               TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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 1. Title of Security         2. Trans-   3. Transac-  4. Securities Acquired (A)  5.  Amount of Se-    6. Owner-      7. Nature
  (Instr. 3)                     action      tion         or Disposed of (D)           curities Benefi-    ship           of In-
                                 Date        Code         (Instr. 3, 4 and 5)          cially Owned at     Form:          direct
                                             (Instr. 8)                                End of Month        Direct         Benefi-
                                (Month/                                                (Instr. 3 and 4)    (D) or         cial
                                 Day/        ------------------------------------                          Indirect       Owner-
                                 Year)       Code    V     Amount  (A) or   Price                          (I)            ship
                                                                   (D)                                     (Instr. 4)     (Instr. 4)
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 Cal Dive International
 Common Stock                   12/18/01      S      -     8,000    D      23.167125          -0-           See #1         See #1
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 #1 Owned by WT Kona Redbird Limited Partnership of which the general partner is an entity Mr. Pursell controls
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
                                                  (Print or Type Responses)
FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (e.g., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) - ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price Security sion or action action Derivative cisable and of Underlying of (Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv- Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative Deriv- Day/ Disposed of (D) (Month/Day/ Secur- ative Year) (Instr. 3, 4, Year) ity Security and 5) (Instr. 5) ----------------------------------- Date Expira- Amount or -------------------------- Exer- tion Title Number of Code V (A) (D) cisable Date Shares - ------------------------------------------------------------------------------------------------------------------------------------ Option* 4.75 12/18/01 G - - 8,000 5/1/01 5/1/02 Common Stock 8,000 - - ------------------------------------------------------------------------------------------------------------------------------------ Option 4.75 12/18/01 G - 8,000 - 5/1/01 5/1/02 Common Stock 8,000 - - ------------------------------------------------------------------------------------------------------------------------------------ Option 4.75 12/18/01 M - - 8,000 5/1/01 5/1/02 Common Stock 8,000 - - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 9. Number of 10. Ownership 11. Nature of Derivative Form of Indirect Securities Derivative Beneficial Beneficially Security: Ownership Owned at End Direct (D) (Instr. 4) of Month or Indirect (I) (Instr. 4) (Instr. 4) - ------------------------------------------------------------------------------------------------------- 81,500 D See #1, Table 1 - ------------------------------------------------------------------------------------------------------- - I See #2, Table 2 - ------------------------------------------------------------------------------------------------------- - I See #2, Table 2 - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- * Gift of Option covering 8,000 shares of Cal Dive International common stock by Mr. Pursell to the WT Kona Redbird Limited Partnership of which the general partner is an entity he controls. Explanation of Responses: #2 The filing of this statement shall not be deemed an admission that the undersigned is, for purposes of section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the owner of any equity securities covered by this statement. /s/ WADE PURSELL 1/10/02 ** Intentional misstatements or omissions of facts constitute Federal Criminal ------------------------------- ---------- Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date Note: File three copies of this Form, one of which must be manually signed. Page 2 If space is insufficient, see Instruction 6 for procedure.