LOEWS CORP — Director's Dealing 2012

Dec 14, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2012-12-12

Reporting Person: SCOTT RICHARD WALDO (SVP & Chief Investment Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-12	Common Stock	M	7500	$23.84	Acquired	7500	Direct
2012-12-12	Common Stock	M	7500	$21.74	Acquired	15000	Direct
2012-12-12	Common Stock	D	8265	$41.35	Disposed	6735	Direct
2012-12-12	Common Stock	S	6735	$41.57	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-12	Stock Appreciation Right	$23.84	M	7500	Disposed	2019-01-13	Common Stock (7500)	Direct
2012-12-12	Stock Appreciation Right	$21.74	M	7500	Disposed	2019-01-13	Common Stock (7500)	Direct

Footnotes

F1: Represents the weighted average price of multiple transactions with a range of prices between $41.55 and $41.58. The Reporting Person upon request by the Commission Staff, the Issuer or a security holder of the Issuer undertakes to provide further information regarding the number of securities at each separate price sold.

F2: The stock appreciation right became exercisable in four equal annual installments beginning on January 13, 2010.

F3: The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.