CNA FINANCIAL CORP — Director's Dealing 2009

Feb 6, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CNA FINANCIAL CORP (CNA)
CIK: 0000021175
Period of Report: 2009-02-04

Reporting Person: KANTOR JONATHAN D (EVP, Gen. Counsel & Corp. Sec.)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-02-04	Stock Appreciation Rights	$11.51	A	30000	Acquired	2019-02-04	Common Shares (30000)	Direct

Footnotes

F1: The stock appreciation rights paid in CNA Financial Corporation Common Stock vests annually in four equal installments commencing February 4, 2010.

F2: The Reporting Person received the Derivative Security pursuant to a grant of stock appreciation rights at no cost.