Item 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefits
plans

On December 5, 2008, Global Industries, Ltd. (the "Company") sent a notice ("Notice") to its directors and executive officers informing them that in order to transfer administration of the Global Industries, Ltd. Profit Sharing and Retirement Plan (the "Plan") to a new third party administrator, Plan participants will be unable to purchase, sell or otherwise acquire or transfer Company stock held in their accounts under the Plan, during the period beginning at 12:59 p.m. Central Time on December 22, 2008 and ending on or before January 5, 2009 (the "Blackout Period").
The Notice also states that, pursuant to certain provisions of the Sarbanes-Oxley Act of 2002 and rules of the Securities and Exchange Commission, the Company's directors and executive officers will be prohibited from trading in the Company's common stock acquired in connection with service as a director or employment as an executive officer of the Company, unless such transaction is exempt under Regulation BTR of the Securities and Exchange Act of 1934.
A copy of the Notice is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
During the Blackout Period and for a period of two years thereafter, stockholders and other interested persons may obtain, without charge, information regarding the Blackout Period, including the actual ending date of the Blackout Period, by contacting Russell Robicheaux, Chief Administrative Officer and General Counsel, Global Industries, Ltd., 11490 Westheimer, Suite 400, Houston, Texas 77077, (281) 529-7740. Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
99.1 Notice to Directors and Executive Officers of Global Industries, Ltd., dated December 5, 2008.

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