Summary
This 8-K filing from Schlumberger N.V. (SLB) reports on a significant transaction that occurred on June 28, 2005. The company was involved in a Purchase Agreement with Lehman Brothers Inc., Kellyanna Limited Company, and specific selling stockholders. This agreement facilitated the sale of approximately 1.5 million shares of Schlumberger's common stock by these selling stockholders. The key takeaway for investors is that this transaction involves the resale of existing shares rather than the issuance of new shares by Schlumberger itself. A registration statement on Form S-3 had already been declared effective by the SEC, indicating that the resale of these shares had been pre-approved, and the necessary disclosures were in place to allow for their public trading. The filing also includes the Purchase Agreement as an exhibit.
Key Highlights
- 1SLB entered into a Purchase Agreement on June 28, 2005, concerning the sale of its common stock.
- 2The agreement involved Lehman Brothers Inc., Kellyanna Limited Company, and identified selling stockholders.
- 3Approximately 1,496,247 shares of SLB common stock were part of this transaction.
- 4The shares were sold by 'Selling Stockholders,' not issued by the company.
- 5A Form S-3 registration statement for the resale of these shares was declared effective by the SEC.
- 6The filing incorporates the Purchase Agreement as an exhibit.
- 7The report was filed by Schlumberger N.V. (Schlumberger Limited).