Le Peuch Olivier Form 3 SCHLUMBERGER LIMITED / Peuch Olivier Le ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Le Peuch Olivier

(Last) (First) (Middle)

5599 SAN FELIPE, 17TH FLOOR

(Street)

HOUSTON TX 77056

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/27/2017

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President Cameron Group

5. If Amendment, Date of 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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $0.01 Par Value Per Share	45,931	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Incentive Stock Option (Right to Buy)	(1)	04/16/2025	Common Stock, $0.01 Par Value Per Share	5,450	91.74	D
Incentive Stock Option (Right to Buy)	04/20/2021	04/20/2026	Common Stock, $0.01 Par Value Per Share	1,241	80.525	D
Non-Qualified Stock Option (Right to Buy)	(2)	04/18/2023	Common Stock, $0.01 Par Value Per Share	30,000	70.925	D
Non-Qualified Stock Option (Right to Buy)	(3)	04/16/2024	Common Stock, $0.01 Par Value Per Share	30,000	100.555	D
Non-Qualified Stock Option (Right to Buy)	(1)	04/16/2025	Common Stock, $0.01 Par Value Per Share	18,550	91.74	D
Non-Qualified Stock Option (Right to Buy)	(4)	04/20/2026	Common Stock, $0.01 Par Value Per Share	28,759	80.525	D
Non-Qualified Stock Option (Right to Buy)	04/17/2013	04/17/2018	Common Stock, $0.01 Par Value Per Share	20,000	93.97	D
Non-Qualified Stock Option (Right to Buy)	01/22/2014	01/22/2019	Common Stock, $0.01 Par Value Per Share	15,000	37.845	D
Non-Qualified Stock Option (Right to Buy)	01/21/2015	01/21/2020	Common Stock, $0.01 Par Value Per Share	15,000	68.505	D
Non-Qualified Stock Option (Right to Buy)	07/22/2015	07/22/2020	Common Stock, $0.01 Par Value Per Share	30,000	61.07	D
Non-Qualified Stock Option (Right to Buy)	01/20/2016	01/20/2021	Common Stock, $0.01 Par Value Per Share	27,000	83.885	D
Non-Qualified Stock Option (Right to Buy)	01/19/2017	01/19/2022	Common Stock, $0.01 Par Value Per Share	30,000	72.11	D
RSU (Restricted Stock Unit)	(5)	(5)	Common Stock, $0.01 Par Value Per Share	12,000	0(6)	D
RSU (Restricted Stock Unit)	(7)	(7)	Common Stock, $0.01 Par Value Per Share	4,100	0(6)	D
RSU (Restricted Stock Unit)	(8)	(8)	Common Stock, $0.01 Par Value Per Share	10,000	0(6)	D

Explanation of Responses:

1. This option is exercisable in five equal annual installments beginning on April 16, 2016.

2. This option is exercisable in five equal annual installments beginning on April 18, 2014.

3. This option is exercisable in five equal annual installments beginning on April 16, 2015.

4. This option is exercisable in five installments as follows: 6,000 shares on April 20, 2017, 2018, 2019 and 2020, and 4,758 shares on April 20, 2021.

5. The restricted stock unit award was granted October 16, 2014 and vests 100% on October 16, 2017.

6. Each restricted stock unit represents the right to receive, at settlement, one (1) share of common stock.

7. The restricted stock unit award was granted April 20, 2016 and vests 100% on April 20, 2019.

8. The restricted stock unit award was granted July 20, 2016 and vests 100% on July 20, 2019.

	/s/ Grace B Holmes, Attorney-in-Fact	03/08/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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