LOEWS CORP — Director's Dealing 2016

May 5, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2016-05-04

Reporting Person: GARSON GARY W (Sr. Vice Pres., GC & Sec.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-04	Common Stock	M	11250	$37.82	Acquired	11250	Direct
2016-05-04	Common Stock	M	11250	$37.86	Acquired	22500	Direct
2016-05-04	Common Stock	D	21380	$39.82	Disposed	1120	Direct
2016-05-04	Common Stock	S	1120	$39.68	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-04	Stock Appreciation Rights	$37.82	M	11250	Disposed	2020-01-12	Common Stock (11250)	Direct
2016-05-04	Stock Appreciation Rights	$37.86	M	11250	Disposed	2022-01-10	Common Stock (11250)	Direct

Footnotes

F1: The Derivative Security became exercisable in four equal annual installments beginning on January 12, 2011.

F2: The Derivative Security became exercisable in four equal annual installments beginning on January 10, 2013.

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