LOEWS CORP — Director's Dealing 2016

Jan 21, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2016-01-19

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-19	Common Stock	M	11250	$33.14	Acquired	11250	Direct
2016-01-19	Common Stock	M	11250	$34.18	Acquired	22500	Direct
2016-01-19	Common Stock	M	11250	$34.89	Acquired	33750	Direct
2016-01-19	Common Stock	D	32127	$35.79	Disposed	1623	Direct
2016-01-19	Common Stock	S	1623	$35.36	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-19	Stock Appreciation Rights	$33.14	M	11250	Disposed	2016-01-31	Common Stock (11250)	Direct
2016-01-19	Stock Appreciation Rights	$34.18	M	11250	Disposed	2016-01-31	Common Stock (11250)	Direct
2016-01-19	Stock Appreciation Rights	$34.89	M	11250	Disposed	2016-01-31	Common Stock (11250)	Direct

Footnotes

F1: Represents the weighted average price of multiple transactions with a range of prices between $35.22 and $35.79. 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 31, 2007.

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