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: 2012-12-13

Reporting Person: SCHWARTZ MARK S (Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-13	Common Stock	M	2500	$33.12	Acquired	2500	Direct
2012-12-13	Common Stock	M	937	$27.00	Acquired	3437	Direct
2012-12-13	Common Stock	M	937	$21.74	Acquired	4374	Direct
2012-12-13	Common Stock	M	937	$27.21	Acquired	5311	Direct
2012-12-13	Common Stock	D	3701	$41.58	Disposed	1610	Direct
2012-12-13	Common Stock	S	1610	$40.95	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-13	Stock Appreciation Right	$33.12	M	2500	Disposed	2020-01-12	Common Stock (2500)	Direct
2012-12-13	Stock Appreciation Right	$27.00	M	937	Disposed	2019-01-13	Common Stock (937)	Direct
2012-12-13	Stock Appreciation Right	$21.74	M	937	Disposed	2019-01-13	Common Stock (937)	Direct
2012-12-13	Stock Appreciation Right	$27.21	M	937	Disposed	2019-01-13	Common Stock (937)	Direct

Footnotes

F1: The stock appreciation right became exercisable in four equal annual installments beginning on January 12, 2011.

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.