NOV Inc. — Director's Dealing 2012

Feb 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL OILWELL VARCO INC (NOV)
CIK: 0001021860
Period of Report: 2012-02-03

Reporting Person: RETTIG DWIGHT W (Sr. Vice Pres. & Gen. Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-03	Common Stock	M	20000	$64.16	Acquired	74654	Direct
2012-02-03	Common Stock	M	10667	$25.96	Acquired	85321	Direct
2012-02-03	Common Stock	S	20000	$80.297	Disposed	65321	Direct
2012-02-03	Common Stock	S	10667	$80.287	Disposed	54654	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-03	Non-Qualified Stock Option (right to buy)	$25.96	M	10667	Disposed	2019-02-21	Common Stock (10667)	Direct
2012-02-03	Non-Qualified Stock Option (right to buy)	$64.16	M	20000	Disposed	2018-02-20	Common Stock (20000)	Direct

Footnotes

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