Sec Form 4 Filing - Floridia Aaron Gatt @ SCHLUMBERGER LTD /NV/ - 2015-04-20

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 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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1. Name and Address of Reporting Person Floridia Aaron Gatt 2. Issuer Name and Ticker or Trading Symbol SCHLUMBERGER LTD /NV/ [ SLB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) President (Last) (First) (Middle) 5599 SAN FELIPE, 17TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 04/20/2015 (Street) HOUSTON, TX77056 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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) Code V Amount (A) or (D) Price Common Stock, $0.01 Par Value Per Share 04/20/2015 M 400 A $ 60.615 39,834 D Common Stock, $0.01 Par Value Per Share 04/20/2015 M 1,710 A $ 58.455 41,544 D Common Stock, $0.01 Par Value Per Share 04/20/2015 M 1,290 A $ 58.455 42,834 D Common Stock, $0.01 Par Value Per Share 04/20/2015 M 1,177 A $ 84.93 44,011 D Common Stock, $0.01 Par Value Per Share 04/20/2015 M 6,823 A $ 84.93 50,834 D Common Stock, $0.01 Par Value Per Share 04/20/2015 S 11,400 D $ 93.65 39,434 D

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 (MM/DD/YY) 3A. Deemed Executio n Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Incentive Stock Option (Right to Buy) $ 60.615 04/20/2015 M 400 10/18/2007( 1 ) 10/18/2016 Common Stock, $0.01 Par Value Per Share 400 $ 0 0 D Incentive Stock Option (Right to Buy) $ 58.455 04/20/2015 M 1,710 01/17/2008( 2 ) 01/17/2017 Common Stock, $0.01 Par Value Per Share 1,710 $ 0 0 D Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right $ 58.455 04/20/2015 M 1,290 01/17/2008( 2 ) 01/17/2017 Common Stock, $0.01 Par Value Per Share 1,290 $ 0 0 D Incentive Stock Option (Right to Buy) $ 84.93 04/20/2015 M 1,177 01/17/2009( 3 ) 01/17/2018 Common Stock, $0.01 Par Value Per Share 1,177 $ 0 0 D Nq Stock Option (Right to Buy) W/ Tandem Tax W/h Right $ 84.93 04/20/2015 M 6,823 01/17/2009( 3 ) 01/17/2018 Common Stock, $0.01 Par Value Per Share 6,823 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Floridia Aaron Gatt 5599 SAN FELIPE, 17TH FLOOR HOUSTON, TX77056 President Signatures /s/Lynda Quagliara Attorney-in-Fact for: Aaron Gatt Floridia 04/21/2015 Signature of Reporting Person Date

Explanation of Responses:

( 1 )This option becomes exercisable in five equal annual installments beginning October 18, 2007. ( 2 )This option becomes exercisable in five equal annual installments beginning January 17, 2008. ( 3 )This option becomes exercisable in five equal annual installments beginning January 17, 2009.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).

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