LOEWS CORP — Director's Dealing 2019

Jan 9, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2019-01-08

Reporting Person: EDELSON DAVID B (Sr. Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-08	Common Stock	M	11250	$27.00	Acquired	17500.8	Direct
2019-01-08	Common Stock	M	11250	$21.74	Acquired	28750.8	Direct
2019-01-08	Common Stock	M	11250	$27.21	Acquired	40000.8	Direct
2019-01-08	Common Stock	M	11250	$34.64	Acquired	51250.8	Direct
2019-01-08	Common Stock	D	26927	$46.20	Disposed	24323.8	Direct
2019-01-08	Common Stock	S	18073	$45.70	Disposed	6250.8	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-08	Stock Appreciation Right	$27.00	M	11250	Disposed	2019-01-13	Common Stock (11250)	Direct
2019-01-08	Stock Appreciation Right	$21.74	M	11250	Disposed	2019-01-13	Common Stock (11250)	Direct
2019-01-08	Stock Appreciation Right	$27.21	M	11250	Disposed	2019-01-13	Common Stock (11250)	Direct
2019-01-08	Stock Appreciation Right	$34.64	M	11250	Disposed	2019-01-13	Common Stock (11250)	Direct

Footnotes

F1: Represents the weighted average price of multiple transactions with a range of prices between $45.69 and $46.20. 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 13, 2010.

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