LOEWS CORP — Director's Dealing 2016

Jan 6, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2016-01-04

Reporting Person: TISCH JONATHAN M (Director, Co-Ch. of Bd/Off. of the Pres.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-04	Common Stock	M	15000	$33.14	Acquired	15000	Direct
2016-01-04	Common Stock	M	15000	$34.18	Acquired	30000	Direct
2016-01-04	Common Stock	M	15000	$34.89	Acquired	45000	Direct
2016-01-04	Common Stock	D	40612	$37.75	Disposed	4388	Direct
2016-01-04	Common Stock	S	4388	$37.43	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-04	Stock Appreciation Rights	$33.14	M	15000	Disposed	2016-01-31	Common Stock (15000)	Direct
2016-01-04	Stock Appreciation Rights	$34.18	M	15000	Disposed	2016-01-31	Common Stock (15000)	Direct
2016-01-04	Stock Appreciation Rights	$34.89	M	15000	Disposed	2016-01-31	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8578867	Indirect

Footnotes

F1: Represents the weighted average price of multiple transactions with a range of prices between $37.24 and $37.75. 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.