LOEWS CORP — Director's Dealing 2019

Dec 16, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2019-12-13

Reporting Person: SCOTT RICHARD WALDO (SVP & Chief Investment Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-13	Common Stock	M	11250	$35.04	Acquired	29731.8	Direct
2019-12-13	Common Stock	M	11250	$37.86	Acquired	40981.8	Direct
2019-12-13	Common Stock	D	16197	$50.63	Disposed	24784.8	Direct
2019-12-13	Common Stock	S	6303	$50.71	Disposed	18481.8	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-13	Stock Appreciation Right	$35.04	M	11250	Disposed	2021-01-11	Common Stock (11250)	Direct
2019-12-13	Stock Appreciation Right	$37.86	M	11250	Disposed	2022-01-10	Common Stock (11250)	Direct

Footnotes

F1: Represents the weighted average price of multiple transactions with a range of prices between $50.69 and $50.74. 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 11, 2012.

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

F4: The Stock Appreciation Rights became exercisable in four equal installments beginning on January 10, 2013.