CNA FINANCIAL CORP — Director's Dealing 2012

May 7, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CNA FINANCIAL CORP (CNA)
CIK: 0000021175
Period of Report: 2012-05-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-03	Common Stock	M	10000	$29.15	Acquired	10000	Direct
2012-05-03	Common Stock	S	5000	$30.56	Disposed	5000	Direct
2012-05-03	Common Stock	S	5000	$30.54	Disposed	0	Direct
2012-05-07	Common Stock	M	10000	$29.15	Acquired	10000	Direct
2012-05-07	Common Stock	S	10000	$29.85	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-03	Stock Option	$29.15	M	10000	Disposed	2012-05-08	Common Stock (10000)	Direct
2012-05-07	Stock Option	$29.15	M	10000	Disposed	2012-05-08	Common Stock (10000)	Direct

Footnotes

F1: The option became exercisable in four equal annual installments beginning on May 8, 2003.

F2: The Reporting Person received the Derivative Security pursuant to a stock option at no cost.