1. A method for processing 4-dimensional (4-D) seismic traces, said method comprising: receiving at least two vintages of seismic traces recorded by seismic receivers for a same subsurface area, wherein said seismic receivers are located at the ocean floor; applying up-down deconvolution to each of said vintages of seismic traces to obtain a representation of a reflectivity of said subsurface area from each vintage of seismic traces; and redatuming the up-down deconvolution result of each vintage from the ocean floor to a desired water depth of the ocean to reduce one or more changes in said seismic traces associated with water layer variations between recordings of said series of seismic traces, wherein said redatumed seismic data is used to generate one or more images representing characteristics of said subsurface area.