LOEWS CORP — Director's Dealing 2019

Aug 12, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2019-08-10

Reporting Person: Alpert Marc A (Sr. VP, Gen. Coun. & Secy.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-08-10	Common Stock	M	3477	—	Acquired	3477	Direct
2019-08-10	Common Stock	F	1851	$50.97	Disposed	1626	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-08-10	Restricted Stock Units	$	M	3477	Disposed		Common Stock (3477)	Direct

Footnotes

F1: Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On August 10, 2016, the Reporting Person was awarded 6,863 RSUs subject to the Issuer achieving a pre-determined level of performance based income ("PBI Metric") for 2016. The Compensation Committee confirmed the achievement of the PBI Metric on February 13, 2017 and the RSUs were reported on Table II of a Form 4 filed in connection therewith. 50% of these RSUs (along with additional RSUs awarded to the Reporting Person on account of dividend equivalent rights that were also previously reported on Form 4s with the SEC) vested on August 10, 2018. The remaining 2016 RSUs vested on August 10, 2019.

F2: The Reporting Person is reporting the withholding, by the Issuer, of 1,626 shares of common stock that vested in respect of the 2016 RSUs on August 10, 2019 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection therewith.

F3: Each RSU represents a contingent right to receive one share of the Issuer's common stock.