Schlumberger Executive VP Boutte exercises options

By Associated Press April 30, 2008 Comments (0)

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An executive vice president of oilfield services provider Schlumberger Ltd. exercised options for 70,000 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC Tuesday, Dalton Boutte reported he exercised the options Friday for $54.24 apiece and then sold 60,000 shares the same day for $102 to $102.31 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Schlumberger is based in Houston.

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