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)
Code V Amount (A) or (D) Price
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 V (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   M     40,000 01/22/2013(2) 01/22/2019 Common Stock, $0.01 Par Value Per Share 40,000 $ 0 0 D  
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right $ 45.88 12/20/2016   M     20,000 04/23/2013(3) 04/23/2019 Common Stock, $0.01 Par Value Per Share 20,000 $ 0 0 D  
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right $ 68.505 12/20/2016   M     25,000 01/21/2014(4) 01/21/2020 Common Stock, $0.01 Par Value Per Share 25,000 $ 0 0 D  
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right $ 72.11 12/20/2016   M     25,000 01/19/2016(5) 01/19/2022 Common Stock, $0.01 Par Value Per Share 25,000 $ 0 0 D  
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right $ 74.57 12/20/2016   M     25,000 10/18/2016(6) 10/18/2022 Common Stock, $0.01 Par Value Per Share 25,000 $ 0 0 D  
NQ Stock Option (Right to Buy) w/ Tandem Tax W/H Right $ 78.305 12/20/2016   M     15,000 07/18/2014(7) 07/18/2023 Common Stock, $0.01 Par Value Per Share 15,000 $ 0 10,000 D  
Non-Qualified Stock Option (Right to Buy) $ 77.795 12/20/2016   M     3,600 01/15/2016(8) 01/15/2025 Common Stock, $0.01 Par Value Per Share 3,600 $ 0 13,115 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 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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