Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  Lubojacky Dennis James
2. Date of Event Requiring Statement (Month/Day/Year)
10/28/2011
3. Issuer Name and Ticker or Trading Symbol
Noble Corp / Switzerland [NE]
(Last)
(First)
(Middle)
8831 PSENCIK ROAD
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP-Controller
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

RICHMOND, TX 77469
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Shares 19,542 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options   (2) 02/07/2018 Shares 3,428 $ 43.01 D  
Stock Options   (3) 02/25/2019 Shares 6,663 $ 24.66 D  
Stock Options   (4) 02/06/2020 Shares 3,655 $ 39.46 D  
Stock Options   (5) 02/04/2021 Shares 4,528 $ 37.71 D  
Restricted Stock Units   (7)   (7) Shares 2,028 $ 0 (6) D  
Restricted Stock Units   (8)   (8) Shares 3,182 $ 0 (6) D  
Performance Vested Restricted Stock Units   (9)   (9) Shares 6,010 $ 0 (9) D  
Performance Vested Restricted Stock Units   (10)   (10) Shares 7,134 $ 0 (10) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lubojacky Dennis James
8831 PSENCIK ROAD
RICHMOND, TX 77469
      VP-Controller  

Signatures

/s/ Julie J. Robertson By Power of Attorney Dated October 28, 2011 11/07/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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 1,568 shares awarded as Time Vested Restricted Stock and 12,743 shares awarded as Performance Vested Restricted Stock
(2) Stock options vest in one-third increments on each anniversary of the grant date; 1,142 vested on 2/7/2009, 1,143 vested on 2/7/2010, 1,143 vested on 2/7/2011
(3) Stock options vest in one-third increments on each anniversary of the grant date; 2,221 vested on 2/25/2010, 2,221 vested on 2/25/2011, 2,221 vest on 2/25/2012
(4) Stock options vest in one-third increments on each anniversary of the grant date; 1,218 vested on 2/6/2011, 1,218 vest on 2/6/2012, 1,219 vest on 2/6/2013
(5) Stock options vest in one-third increments on each anniversary of the grant date; 1,509 vest on 2/4/2012, 1,509 vest on 2/4/2013, 1,510 vest on 2/4/2014
(6) Each restricted stock unit represents a contingent right to receive one share
(7) The restricted stock units vest as follows: 1,014 vest on 2/6/2012, 1,014 vest on 2/6/2013
(8) The restricted stock units vest as follows: 1,060 vest on 2/4/2012, 1,061 will vest on 2/4/2013, 1,061 will vest on 2/4/2014
(9) Each Performance Vested Restricted Stock Unit represents a contingent right to receive one share. Performance Vested Restricted Stock Units vest upon the company achieving a total shareholder return over a three-year performance cycle (2010-2012) relative to a specified peer group. Grant date was 2/6/2010
(10) Each Performance Vested Restricted Stock Unit represents a contingent right to receive one share. Performance Vested Restricted Stock Units vest upon the company achieving a total shareholder return over a three-year performance cycle (2011-2013) relative to a specified peer group. Grant date was 2/4/2011
 
Remarks:
Exhibit Index:
Exhibit 24 - Power of Attorney

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