LOEWS CORP — Director's Dealing 2016

Nov 3, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2016-11-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-01	Common Stock	M	2500	$23.84	Acquired	2500	Direct
2016-11-01	Common Stock	M	2500	$21.74	Acquired	5000	Direct
2016-11-01	Common Stock	M	10000	$27.21	Acquired	15000	Direct
2016-11-01	Common Stock	M	10000	$34.64	Acquired	25000	Direct
2016-11-01	Common Stock	D	17027	$43.01	Disposed	7973	Direct
2016-11-01	Common Stock	S	7973	$42.29	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-01	Stock Appreciation Right	$23.84	M	2500	Disposed	2019-01-13	Common Stock (2500)	Direct
2016-11-01	Stock Appreciation Right	$21.74	M	2500	Disposed	2019-01-13	Common Stock (2500)	Direct
2016-11-01	Stock Appreciation Right	$27.21	M	10000	Disposed	2019-01-13	Common Stock (10000)	Direct
2016-11-01	Stock Appreciation Right	$34.64	M	10000	Disposed	2019-01-13	Common Stock (10000)	Direct

Footnotes

F1: Represents the weighted average price of multiple transactions with a range of prices between $42.22 and $42.37. 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 Rights became exercisable in four equal installments beginning on January 13, 2010.

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