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 *
  Jain Ashit
 2. Date of Event Requiring Statement (Month/Day/Year)
02/25/2009		 3. Issuer Name and Ticker or Trading Symbol
GLOBAL INDUSTRIES LTD [GLBL]
(Last)
(First)
(Middle)
11490 WESTHEIMER, SUITE 400		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP-Asia Pacific & India
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

HOUSTON, TX 77077		 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)
Common Stock 86,045
D
 

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)
Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Options 07/29/2007 07/29/2012 Common stock 4,800 $ 5.1 D  
Incentive Stock Options 12/01/2008 12/01/2013 Common stock 600 $ 4.25 D  
Nonqualified Stock Options 01/03/2007(1) 01/03/2016 Common stock 5,300 $ 12.38 D  
Nonqualified Stock Options 01/02/2008(2) 01/02/2017 Common stock 7,000 $ 13.04 D  
Nonqualified Stock Options 01/02/2009(3) 01/02/2018 Common stock 6,000 $ 21.3 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Jain Ashit
11490 WESTHEIMER, SUITE 400
HOUSTON, TX 77077		       VP-Asia Pacific & India  

Signatures

Ashit Jain 03/09/2009
**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) Options vest 1/3 per year beginning January 3, 2007
(2) Options vest 1/3 per year beginning January 2, 2008
(3) Options vest 1/3 per year beginning January 3, 2009

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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