LOEWS CORP — Director's Dealing 2016

Dec 14, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2016-12-13

Reporting Person: TISCH JAMES S (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-13	Common Stock	M	15000	$40.34	Acquired	4924189	Direct
2016-12-13	Common Stock	M	15000	$45.75	Acquired	4939189	Direct
2016-12-13	Common Stock	D	27206	$47.47	Disposed	4911983	Direct
2016-12-13	Common Stock	S	2794	$47.37	Disposed	4909189	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-13	Stock Appreciation Rights	$40.34	M	15000	Disposed	2017-01-09	Common Stock (15000)	Direct
2016-12-13	Stock Appreciation Rights	$45.75	M	15000	Disposed	2017-01-09	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10407359	Indirect

Footnotes

F1: Represents the weighted average price of multiple transactions with a range of prices between $47.30 and $47.48. 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 in each separate price sold.

F2: The Derivative Security became exercisable in four equal annual installments beginning on January 9, 2008

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