LOEWS CORP — Director's Dealing 2016

May 11, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2016-05-10

Reporting Person: SCHWARTZ MARK S (VP & Chief Accounting Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-10	Restricted Stock Units	$	A	12500	Acquired		Common Stock (12500)	Direct
2016-05-10	Restricted Stock Units	$	A	20.76	Acquired		Common Stock (20.76)	Direct

Footnotes

F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.

F2: The RSUs were awarded to the Reporting Person on February 11, 2016, subject to approval of the Issuer's 2016 Incentive Compensation Plan (the "Plan") by its shareholders. The Issuer's shareholders approved the Plan at the Issuer's annual meeting of shareholders on May 10, 2016 (the "Annual Meeting").

F3: Represents additional RSUs awarded to the Reporting Person on account of dividend equivalent rights awarded on March 14, 2016 associated with previously awarded RSUs, subject to approval of the Plan by the Issuer's shareholders at the Annual Meeting. The Issuer's shareholders approved the Plan at the Annual Meeting.

F4: 50% of the RSUs vest on February 11, 2018 and 50% vest on February 11, 2019. Shares of the Issuer's common stock will be delivered to the Reporting Person within 30 days after vesting.