similar problem mention here. I set android-support-v4 to compiler also but still I am getting problem related to reference library.
As you requested my settings to be shared, I here post my project settings window. Hope that you can help.
1. ActionBarSherlock project.
Note that only android-support-v4 is checked to be exported.
2. My personal project settings windows.
Nothing special but only ActionBarSherlock project is referenced.