CNA FINANCIAL CORP — Director's Dealing 2015

Nov 23, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CNA FINANCIAL CORP (CNA)
CIK: 0000021175
Period of Report: 2015-11-19

Reporting Person: PONTARELLI THOMAS (EVP & Chief Admin Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-19	Common Stock	M	15000	$36.77	Acquired	33452	Direct
2015-11-19	Common Stock	F	1079	$36.77	Disposed	32373	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-19	Stock Appreciation Rights	$30.98	M	15000	Disposed	2016-02-08	Common Stock (15000.0)	Direct

Footnotes

F1: The Reporting Person exercised 15,000 Stock Appreciation Rights and as such received a gain of 1,282 shares of the issuers common stock.

F2: The Company's Incentive Compensation Plan (as amended as of January 1, 2010) permits the withholding of shares of common stock to satisfy tax withholding obligations of the participants.

F3: As previously reported, the Stock Appreciation Rights became exercisable in four equal annual installments beginning on February 8, 2007.

F4: As previously reported, the Reporting Person received the Derivative Security pursuant to a grant of stock appreciation rights at no cost.