LOEWS CORP — Director's Dealing 2018

Dec 4, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2018-06-12

Reporting Person: HARRIS WALTER L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-12	Common Stock	L	2.56	$50.02	Acquired	10678	Direct
2018-12-03	Common Stock	M	1500	$27.11	Acquired	12178	Direct
2018-12-03	Common Stock	D	836	$48.59	Disposed	11342	Direct
2018-12-03	Common Stock	S	664	$48.47	Disposed	10678	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-12-03	Stock Appreciation Right	$27.11	M	1500	Disposed	2018-12-31	Common Stock (1500)	Direct

Footnotes

F1: The Reporting Person's purchase of 2.56 shares of Common Stock reported herein, which resulted from an erroneous broker enrollment of the Reporting Person in an automatic dividend reinvestment program, was matchable under Section 16(b) of the Securities Exchange Act of 1934 with the Reporting Person's previously and timely reported sales of 2.56 shares of Common Stock at a price of $50.34 per share on September 4, 2018. The Reporting Person has agreed to pay to the Issuer $0.82, representing the full amount of the profit realized in connection with the short-swing transaction.

F2: Represents the weighted average price of multiple transactions with a range of prices between $48.47 and $48.59. 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.

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