SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
CAMPBELL ROBERT D
(Last) (First) (Middle)
13135 SOUTH DAIRY ASHFORD
SUITE 800
(Street)
SUGAR LAND TX 77478
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NOBLE CORP [ NE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Sr. VP & General Counsel
3. Date of Earliest Transaction (Month/Day/Year)
12/06/2007
4. If Amendment, Date of 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
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
Ordinary Shares 12/06/2007 M 110,000 A $21.205 110,000 D
Ordinary Shares 12/06/2007 S 110,000 D $53.8891 0 D
Ordinary Shares 12/06/2007 M 130,000 A $15.55 130,000 D
Ordinary Shares 12/06/2007 S 130,000 D $53.8891 0 D
Ordinary Shares 12/06/2007 M 170,000 A $15.6 170,000 D
Ordinary Shares 12/06/2007 S 170,000 D $53.8891 0 D
Ordinary Shares 12/06/2007 M 8,092 A $18.78 8,092 D
Ordinary Shares 12/06/2007 S 8,092 D $53.8891 0 D
Ordinary Shares 12/06/2007 M 12,400 A $26.46 12,400 D
Ordinary Shares 12/06/2007 S 12,400 D $53.8891 0 D
Ordinary Shares 12/06/2007 M 2,092 A $37.925 2,092 D
Ordinary Shares 12/06/2007 S 2,092 D $53.8891 0 D
Ordinary Shares 92,350(1) D
Ordinary Shares 2,709.5659(1)(2) I By Trust
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 Securities Underlying Derivative Security (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: 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
Employee Stock Option Right to Buy $21.205 12/06/2007 M 110,000 (3)(9) 10/26/2010 Ordinary Shares 110,000 $0 0 D
Employee Stock Option Right to Buy $15.55 12/06/2007 M 130,000 (4)(9) 07/26/2011 Ordinary Shares 130,000 $0 0 D
Employee Stock Option Right to Buy $15.6 12/06/2007 M 170,000 (5)(9) 07/25/2012 Ordinary Shares 170,000 $0 0 D
Employee Stock Option Right to Buy $18.78 12/06/2007 M 8,092 (6)(9) 04/20/2014 Ordinary Shares 8,092 $0 0 D
Employee Stock Option Right to Buy $26.46 12/06/2007 M 12,400 (7)(9) 04/27/2015 Ordinary Shares 12,400 $0 6,200 D
Employee Stock Option Right to Buy $37.925 12/06/2007 M 2,092 (8)(9) 02/02/2016 Ordinary Shares 2,092 $0 4,186 D
Explanation of Responses:
1. Amount reflects a two-for-one split of the Company's ordinary shares effected in the form of a 100 percent stock dividend and paid on August 28, 2007.
2. Shares held in the Noble Drilling Corporation 401(k) Savings Plan Trust.
3. Represents option to purchase 110,000 shares of the 130,000 shares granted on 10/26/00 with a vesting schedule of 43,333 shares on 10/26/01; 43,333 shares on 10/26/02; and 43,334 shares on 10/26/03.
4. Represents option to purchase 130,000 shares of the 130,000 shares granted on 7/26/01 with a vesting schedule of 43,333 shares on 7/26/02; 43,333 shares on 7/26/03; and 43,334 shares on 7/26/04.
5. Represents option to purchase 170,000 shares of the 170,000 shares granted on 7/25/02 with a vesting schedule of 56,666 shares on 7/25/03; 56,667 shares on 7/25/04; and 56,667 shares on 7/25/05.
6. Represents option to purchase 8,092 shares of the 8,092 shares granted on 4/20/04 with a vesting schedule of 2,697 shares on 4/20/05; 2,697 shares on 4/20/06; and 2,698 shares on 4/20/07.
7. Represents option to purchase 12,400 shares of the 18,600 shares granted on 4/27/05 with a vesting schedule of 6,200 shares on 4/27/06; 6,200 shares on 4/27/07; and 6,200 shares on 4/27/08.
8. Represents option to purchase 2,092 shares of the 6,278 shares granted on 2/2/06 with a vesting schedule of 2,092 shares on 2/2/07; 2,093 shares on 2/2/08; and 2,093 shares on 2/2/09.
9. All amounts reflect a two-for-one split of the Company's ordinary shares effected in the form of a 100 percent stock dividend and paid on August 28, 2007.
/s/ Robert D. Campbell 12/07/2007
** Signature of Reporting Person Date
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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