LOEWS CORP — Director's Dealing 2018

Jan 3, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2018-01-02

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
2018-01-02	Common Stock	M	15000	$49.17	Acquired	2992381	Direct
2018-01-02	Common Stock	M	15000	$40.34	Acquired	3007381	Direct
2018-01-02	Common Stock	M	15000	$47.71	Acquired	3022381	Direct
2018-01-02	Common Stock	M	15000	$38.38	Acquired	3037381	Direct
2018-01-02	Common Stock	D	52426	$50.24	Disposed	2984955	Direct
2018-01-02	Common Stock	D	7574	$49.92	Disposed	2977381	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-02	Stock Appreciation Right	$49.17	M	15000	Disposed	2018-01-08	Common Stock (15000)	Direct
2018-01-02	Stock Appreciation Right	$40.34	M	15000	Disposed	2018-01-08	Common Stock (15000)	Direct
2018-01-02	Stock Appreciation Right	$47.71	M	15000	Disposed	2018-01-08	Common Stock (15000)	Direct
2018-01-02	Stock Appreciation Right	$38.38	M	15000	Disposed	2018-01-08	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4206551	Indirect

Footnotes

F1: Represents the weighted average price of multiple transactions with a range of prices between $49.92 and $50.24. 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 Stock Appreciation Rights became exercisable in four equal installments beginning on January 8, 2009.

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