LOEWS CORP — Director's Dealing 2012

May 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2012-05-01

Reporting Person: HOFMANN HERBERT C (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-01	Common Stock	M	4000	$24.32	Acquired	4000	Direct
2012-05-01	Common Stock	M	8437	$27.00	Acquired	12437	Direct
2012-05-01	Common Stock	D	5577	$40.84	Disposed	6860	Direct
2012-05-01	Common Stock	S	6860	$41.09	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-01	Stock Option	$24.32	M	4000	Disposed	2015-01-20	Common Stock (4000)	Direct
2012-05-01	Stock Appreciation Right	$27.00	M	8437	Disposed	2019-01-13	Common Stock (8437)	Direct

Footnotes

F1: Represents the weighted average price of multiple transactions with a range of prices between $41.07 and $41.15. 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 derivative security became exercisable in four equal annual installments beginning on January 20, 2006.

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

F4: The derivative security became exercisable in four equal annual installments beginning on January 13, 2010.