SLB LIMITED/NV — Director's Dealing 2012

Feb 17, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SCHLUMBERGER LTD /NV/ (SLB)
CIK: 0000087347
Period of Report: 2012-02-15

Reporting Person: GOULD ANDREW (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-15	Common Stock, $0.01 par value per share	M	800000	$54.235	Acquired	2856684	Direct
2012-02-16	Common Stock, $0.01 par value per share	S	400000	$78.0539	Disposed	2456684	Direct
2012-02-17	Common Stock, $0.01 par value per share	S	400000	$78.2752	Disposed	2056684	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-15	NQ Stock Option (right to buy) w/ tandem Tax w/h right	$54.235	M	798158	Disposed	2016-01-18	Common Stock, $0.01 par value per share (798158)	Direct
2012-02-15	Incentive Stock Option (right to buy)	$54.235	M	1842	Disposed	2016-01-18	Common Stock, $0.01 par value per share (1842)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value per share	6955	Indirect

Footnotes

F1: This option becomes exercisable in four equal annual installments beginning January 18, 2007.