NOV Inc. — Director's Dealing 2009

Feb 23, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL OILWELL VARCO INC (NOV)
CIK: 0001021860
Period of Report: 2009-02-20

Reporting Person: REESE MARK A (Group President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-20	Common Stock	A	24000	—	Acquired	53767	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-02-20	Non-Qualified Stock Option (right to buy)	$25.96	A	40000	Acquired	2019-02-21	Common Stock (40000)	Direct

Footnotes

F1: Options vest in three (3) equal annual installments commencing on the date indicated.