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: 2012-02-16

Reporting Person: KIBSGAARD PAAL (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-16	Common Stock, $0.01 par value per share	M	20000	$37.845	Acquired	41681	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-16	NQ Stock Option (right to buy) w/ tandem Tax w/h right	$37.845	M	20000	Disposed	2019-01-22	Common Stock, $0.01 par value per share (97358)	Direct

Footnotes

F1: This option becomes exercisable in five equal annual installments beginning January 22, 2010.