CNA FINANCIAL CORP — Director's Dealing 2017

Feb 10, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CNA FINANCIAL CORP (CNA)
CIK: 0000021175
Period of Report: 2017-02-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-07	Common Stock	M	382	$42.40	Acquired	9869	Direct
2017-02-07	Common Stock	S	382	$42.65	Disposed	9487	Direct
2017-02-09	Common Stock	M	12431	$42.38	Acquired	21918	Direct
2017-02-09	Common Stock	F	4594	$42.38	Disposed	17324	Direct
2017-02-09	Common Stock	M	2976	$42.38	Acquired	20300	Direct
2017-02-09	Common Stock	F	1100	$42.38	Disposed	19200	Direct
2017-02-09	Common Stock	M	2702	$42.38	Acquired	21902	Direct
2017-02-09	Common Stock	F	999	$42.38	Disposed	20903	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-07	Stock Appreciation Rights	$41.86	M	30000	Disposed	2017-02-07	Common Stock (30000.0)	Direct
2017-02-09	Stock Appreciation Rights	$11.51	M	17067	Disposed	2019-02-04	Common Stock (17067.0)	Direct
2017-02-09	Stock Appreciation Rights	$25.56	M	7500	Disposed	2020-03-03	Common Stock (7500.0)	Direct
2017-02-09	Stock Appreciation Rights	$27.11	M	7500	Disposed	2021-01-28	Common Stock (7500.0)	Direct

Footnotes

F1: The Reporting Person exercised 30,000 Stock Appreciation Rights and as such received a gain of 382 shares of the issuers common stock.

F2: The Reporting Person exercised 17,067 Stock Appreciation Rights and as such received a gain of 12,431 shares of the issuers common stock.

F3: 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.

F4: The Reporting Person exercised 7,500 Stock Appreciation Rights and as such received a gain of 2,976 shares of the issuers common stock.

F5: The Reporting Person exercised 7,500 Stock Appreciation Rights and as such received a gain of 2,702 shares of the issuers common stock.

F6: As previously reported, the Stock Appreciation Rights became exercisable in four equal annual installments beginning on February 7, 2008.

F7: As previously reported, the Reporting Person received the Derivative Security pursuant to a grant of stock appreciation rights at no cost.

F8: As previously reported, the Stock Appreciation Rights became exercisable in four equal annual installments beginning on February 4, 2010.

F9: As previously reported, the Stock Appreciation Rights became exercisable in four equal annual installments beginning on March 3, 2011.

F10: As previously reported, the Stock Appreciation Rights became exercisable in four equal annual installments beginning on January 28, 2012.