Edgar Filing: SCHLUMBERGER LIMITED/NV

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Kizilbash Imran

2. Issuer Name and Ticker or Trading Symbol
SCHLUMBERGER LIMITED/NV [SLB]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
VP, SLB Venture Fund

(Last)

(First)

(Middle)

5599 SAN FELIPE, 17TH FLOOR

3. Date of Earliest Transaction (Month/Day/Year)
12/20/2016

(Street)

HOUSTON, TX 77056

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $0.01 Par Value Per Share	12/20/2016		M		40,000	A	$ 37.845	118,084	D
Common Stock, $0.01 Par Value Per Share	12/20/2016		M		20,000	A	$ 45.88	138,084	D
Common Stock, $0.01 Par Value Per Share	12/20/2016		M		25,000	A	$ 68.505	163,084	D
Common Stock, $0.01 Par Value Per Share	12/20/2016		M		25,000	A	$ 72.11	188,084	D
Common Stock, $0.01 Par Value Per Share	12/20/2016		M		25,000	A	$ 74.57	213,084	D
Common Stock, $0.01 Par Value Per Share	12/20/2016		M		15,000	A	$ 78.305	228,084	D
Common Stock, $0.01 Par Value Per Share	12/20/2016		M		3,600	A	$ 77.795	231,684 ⁽¹⁾	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right

$ 37.845

12/20/2016

40,000

01/22/2013⁽²⁾

01/22/2019

Common Stock, $0.01 Par Value Per Share

40,000

$ 0

NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right

$ 45.88

12/20/2016

20,000

04/23/2013⁽³⁾

04/23/2019

Common Stock, $0.01 Par Value Per Share

20,000

$ 0

NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right

$ 68.505

12/20/2016

25,000

01/21/2014⁽⁴⁾

01/21/2020

Common Stock, $0.01 Par Value Per Share

25,000

$ 0

NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right

$ 72.11

12/20/2016

25,000

01/19/2016⁽⁵⁾

01/19/2022

Common Stock, $0.01 Par Value Per Share

25,000

$ 0

NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right

$ 74.57

12/20/2016

25,000

10/18/2016⁽⁶⁾

10/18/2022

Common Stock, $0.01 Par Value Per Share

25,000

$ 0

NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right

$ 78.305

12/20/2016

15,000

07/18/2014⁽⁷⁾

07/18/2023

Common Stock, $0.01 Par Value Per Share

15,000

$ 0

10,000

Non-Qualified Stock Option (Right to Buy)

$ 77.795

12/20/2016

3,600

01/15/2016⁽⁸⁾

01/15/2025

Common Stock, $0.01 Par Value Per Share

3,600

$ 0

13,115

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Kizilbash Imran 5599 SAN FELIPE, 17TH FLOOR HOUSTON, TX 77056			VP, SLB Venture Fund

Signatures

/s/ Saul R. Laureles, Attorney-in-Fact		12/22/2016
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Includes 181 shares acquired under the Schlumberger discounted stock purchase plan for the period ending June 30, 2016.
(2)	Subject to a 4-year cliff vesting and became fully exercisable on January 22, 2013
(3)	Subject to a 4-year cliff vesting and became fully exercisable on April 23, 2013.
(4)	Subject to a 4-year cliff vesting and became fully exercisable on January 21, 2014.
(5)	Subject to a 4-year cliff vesting and became fully exercisable on January 19, 2016.
(6)	Subject to a 4-year cliff vesting and became fully exercisable on October 18, 2016.
(7)	This Option is exercisable in five equal annual installments beginning July 18, 2014.
(8)	This option is exercisable in five equal annual installments beginning January 15, 2016.

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