Linux kernel compile error Unsupported NR_CPUS for lb tracepoint

I am trying to compile linux kernel 3.4.0 on Ubuntu 16.04, but I am getting an error:

In file included from kernel/fork.c:79:0:
include/trace/events/sched.h:249:2: error: #error "Unsupported NR_CPUS for lb tracepoint."
 #error "Unsupported NR_CPUS for lb tracepoint."
  ^
scripts/Makefile.build:307: recipe for target 'kernel/fork.o' failed

Any help is appreciated!