After an "out-of-the-box" installation of openldap (1.2.9-5) there is no logging of slapd actions to the syslogd facility. It took me a while to figure out that besides adding a loglevel entry to the slapd.conf file you also have to add something like local4.* /var/log/slapd.log to /etc/syslog.conf. My suggestion then is to make an explicit note of this in the relevant man pages (slapd(8) and slapd.conf(5)). Possibly also add a default entry to syslog.conf when the openldap-*.rpm is installed .......... something like local4.* /var/log/local4.log
*** This bug has been marked as a duplicate of 11047 ***