Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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 *
COLLINS T JAY
   2. Issuer Name and Ticker or Trading Symbol
OCEANEERING INTERNATIONAL INC [OII] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President, Chief Exec. Officer
(Last)
(First)
(Middle)
11911 FM 529		 3. Date of Earliest Transaction (Month/Day/Year)
06/01/2006
(Street)

HOUSTON, TX 77041-3011		 4. If Amendment, Date Original Filed(Month/Day/Year)
06/02/2006		 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/28/2006   G V 200 D $ 0 146,050 (2) D  
Common Stock 05/18/2006   G V 300 D $ 0 145,750 (2) D  
Common Stock 06/01/2006   M   7,500 A $ 37.27 153,250 D  
Common Stock 06/01/2006   S   200 D $ 77.78 153,050 D  
Common Stock 06/01/2006   S   550 D $ 77.6 152,500 D  
Common Stock 06/01/2006   S   150 D $ 77.68 152,350 D  
Common Stock 06/01/2006   S   350 D $ 77.55 152,000 D  
Common Stock 06/01/2006   S   1,000 D $ 77.57 151,000 D  
Common Stock 06/01/2006   S   250 D $ 77.65 150,750 D  
Common Stock 06/01/2006   S   250 D $ 77.5 150,500 D  
Common Stock 06/01/2006   S   250 D $ 77.34 150,250 D  
Common Stock 06/01/2006   S   250 D $ 77.53 150,000 D  
Common Stock 06/01/2006   S   900 D $ 77.3 149,100 D  
Common Stock 06/01/2006   S   400 D $ 77.29 148,700 D  
Common Stock 06/01/2006   S   100 D $ 77.32 148,600 D  
Common Stock 06/01/2006   S   100 D $ 77.28 148,500 D  
Common Stock 06/01/2006   S   50 D $ 77.35 148,450 D  
Common Stock 06/01/2006   S   100 D $ 77.54 148,350 D  
Common Stock 06/01/2006   S   400 D $ 77.7 147,950 D  
Common Stock 06/01/2006   S   400 D $ 77.66 147,550 D  
Common Stock 06/01/2006   S   100 D $ 77.59 147,450 D  
Common Stock 06/01/2006   S   100 D $ 77.69 147,350 D  
Common Stock 06/01/2006   S   100 D $ 77.78 147,250 D  
Common Stock 06/01/2006   S   500 D $ 77.72 146,750 D  
Common Stock 06/01/2006   S   100 D $ 77.69 146,650 D  
Common Stock 06/01/2006   S   500 D $ 77.39 146,150 D  
Common Stock 06/01/2006   S   100 D $ 77.84 146,050 D  
Common Stock 06/01/2006   S   300 D $ 77.64 145,750 (1) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right-to-buy) $ 37.27 06/01/2006   M     7,500 06/27/2005 12/26/2009 Common Stock 7,500 (1) $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
COLLINS T JAY
11911 FM 529
HOUSTON, TX 77041-3011		   X     President, Chief Exec. Officer  

Signatures

 George R. Haubenreich, Jr., Attorney-in-Fact for T. Jay Collins   06/29/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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) All numbers of shares and per share prices are shown without adjustment for a two-for-one stock split to be effected by means of a stock distribution with a record date of May 25, 2006 and distribution date of June 16, 2006, because ex-distribution trading has been deferred until June 19, 2006.
(2) Gifts were made prior to the two-for-one stock split.
 
Remarks:
On the original filing made on June 2, 2006, inadvertantly put date of earliest transaction in Box 3 as March 28, 2006 which transaction was a voluntary reporting for a gift (two gifts are reported on the Form, date of the first gift was March 28, 2006 and the date of the second gift was May 18, 2006). The date of earliest transaction required to be reported in Box 3 is June 1, 2006 which has been corrected in this Amendment.

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