LOEWS CORP — Director's Dealing 2019

Jan 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2019-01-02

Reporting Person: TISCH ANDREW H (Director, Co-Ch. of Bd/Off. Pres./Ch. EC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-02	Common Stock	M	15000	$27.00	Acquired	15000	Direct
2019-01-02	Common Stock	M	15000	$21.74	Acquired	30000	Direct
2019-01-02	Common Stock	M	15000	$27.21	Acquired	45000	Direct
2019-01-02	Common Stock	M	15000	$34.64	Acquired	60000	Direct
2019-01-02	Common Stock	D	37084	$44.73	Disposed	22916	Direct
2019-01-02	Common Stock	S	22916	$45.10	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-02	Stock Appreciation Right	$27.00	M	15000	Disposed	2019-01-13	Common Stock (15000)	Direct
2019-01-02	Stock Appreciation Right	$21.74	M	15000	Disposed	2019-01-13	Common Stock (15000)	Direct
2019-01-02	Stock Appreciation Right	$27.21	M	15000	Disposed	2019-01-13	Common Stock (15000)	Direct
2019-01-02	Stock Appreciation Right	$34.64	M	15000	Disposed	2019-01-13	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14809184	Indirect

Footnotes

F1: Represents the weighted average price of multiple transactions with a range of prices between $44.73 and $45.11. 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.