Schlumberger CFO Ayat exercises options for 60,000 shares

By Associated Press May 6, 2008 Comments (0)

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The chief financial officer of oilfield services provider Schlumberger Ltd. exercised options for 60,000 shares of common stock, according to Securities and Exchange Commission filings Friday.

In Form 4s filed with the SEC, Simon Ayat reported he exercised options for the shares Wednesday for $31.19 apiece and then sold 47,500 of them for $100 to $100.38 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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