NOV Inc. — Director's Dealing 2010

Feb 17, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL OILWELL VARCO INC (NOV)
CIK: 0001021860
Period of Report: 2010-02-16

Reporting Person: REESE MARK A (Group President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-16	Common Stock	A	9000	—	Acquired	58000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-16	Non-Qualified Stock Option (right to buy)	$44.07	A	33885	Acquired	2020-02-17	Common Stock (33885)	Direct

Footnotes

F1: Since the date of the reporting person's last ownership report, he transferred 4,767 shares of National Oilwell Varco common stock to his ex-wife pursuant to a domestic relations order.

F2: Options vest in three (3) equal annual installments commencing on the date indicated.