LOEWS CORP — Director's Dealing 2019

Jun 13, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2019-06-12

Reporting Person: SCHWARTZ MARK S (VP & Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-12	Common Stock	M	5000	$43.14	Acquired	5000	Direct
2019-06-12	Common Stock	M	5000	$42.02	Acquired	10000	Direct
2019-06-12	Common Stock	M	5000	$41.93	Acquired	15000	Direct
2019-06-12	Common Stock	M	7500	$41.98	Acquired	22500	Direct
2019-06-12	Common Stock	M	3750	$40.46	Acquired	26250	Direct
2019-06-12	Common Stock	M	3750	$40.61	Acquired	30000	Direct
2019-06-12	Common Stock	M	3750	$38.46	Acquired	33750	Direct
2019-06-12	Common Stock	M	3750	$35.52	Acquired	37500	Direct
2019-06-12	Common Stock	D	28417	$53.90	Disposed	9083	Direct
2019-06-12	Common Stock	S	9083	$53.42	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-06-12	Stock Appreciation Right	$43.14	M	5000	Disposed	2021-01-11	Common Stock (5000)	Direct
2019-06-12	Stock Appreciation Right	$42.02	M	5000	Disposed	2021-01-11	Common Stock (5000)	Direct
2019-06-12	Stock Appreciation Right	$41.93	M	5000	Disposed	2023-01-08	Common Stock (5000)	Direct
2019-06-12	Stock Appreciation Right	$41.98	M	7500	Disposed	2024-01-14	Common Stock (7500)	Direct
2019-06-12	Stock Appreciation Right	$40.46	M	3750	Disposed	2025-01-09	Common Stock (3750)	Direct
2019-06-12	Stock Appreciation Right	$40.61	M	3750	Disposed	2025-01-09	Common Stock (3750)	Direct
2019-06-12	Stock Appreciation Right	$38.46	M	3750	Disposed	2025-01-09	Common Stock (3750)	Direct
2019-06-12	Stock Appreciation Right	$35.52	M	3750	Disposed	2025-01-09	Common Stock (3750)	Direct

Footnotes

F1: Represents the weighted average price of multiple transactions with a range of prices between $53.41 and $53.47. 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 Stock Appreciation Rights became exercisable in four equal installments beginning on January 8, 2014.

F4: The Stock Appreciation Rights became exercisable in four equal installments beginning on January 14, 2015.

F5: The Stock Appreciation Rights became exercisable in four equal installments beginning on January 9, 2016.

F6: The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.