CNA FINANCIAL CORP — Director's Dealing 2011

Feb 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CNA FINANCIAL CORP (CNA)
CIK: 0000021175
Period of Report: 2011-01-28

Reporting Person: Szerlong Timothy J (President, Worldwide Field Ops)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-28	Stock Appreciation Rights	$27.11	A	10000	Acquired	2021-01-28	Common Stock (10000)	Direct

Footnotes

F1: The stock appreciation rights paid in CNA Financial Corporation Common Stock vests annually in four equal installments commencing January 28, 2012.

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