LOEWS CORP — Director's Dealing 2019

May 17, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2019-05-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-16	Common Stock	M	11250	$39.81	Acquired	29731.8	Direct
2019-05-16	Common Stock	M	11250	$43.14	Acquired	40981.8	Direct
2019-05-16	Common Stock	M	11250	$42.02	Acquired	52231.8	Direct
2019-05-16	Common Stock	D	27522	$51.08	Disposed	24709.8	Direct
2019-05-16	Common Stock	S	6228	$51.99	Disposed	18481.8	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-16	Stock Appreciation Right	$39.81	M	11250	Disposed	2021-01-11	Common Stock (11250)	Direct
2019-05-16	Stock Appreciation Right	$43.14	M	11250	Disposed	2021-01-11	Common Stock (11250)	Direct
2019-05-16	Stock Appreciation Right	$42.02	M	11250	Disposed	2021-01-11	Common Stock (11250)	Direct

Footnotes

F1: The Stock Appreciation Rights became exercisable in four equal installments beginning on January 11, 2012.

F2: The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.