SLB LIMITED/NV — Director's Dealing 2012

Jan 23, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SCHLUMBERGER LTD /NV/ (SLB)
CIK: 0000087347
Period of Report: 2012-01-19

Reporting Person: BELANI ASHOK (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-19	NQ Stock Option (right to buy) w/ tandem Tax w/h right	$72.11	A	125614	Acquired	2022-01-19	Common Stock, $0.01 par value per share (125614)	Direct
2012-01-19	Incentive Stock Option (right to buy)	$72.11	A	1386	Acquired	2022-01-19	Common Stock, $0.01 par value per share (1386)	Direct

Footnotes

F1: This option becomes exercisable in five equal annual installments beginning January 19, 2013.