LOEWS CORP — Director's Dealing 2020

Jan 6, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2020-01-02

Reporting Person: TISCH JONATHAN M (Director, Co-Ch. of Bd/Off. of the Pres.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-02	Common Stock	M	15000	$37.92	Acquired	15000	Direct
2020-01-02	Common Stock	M	15000	$37.26	Acquired	30000	Direct
2020-01-02	Common Stock	M	15000	$33.12	Acquired	45000	Direct
2020-01-02	Common Stock	M	15000	$37.82	Acquired	60000	Direct
2020-01-02	Common Stock	D	41573	$52.72	Disposed	18427	Direct
2020-01-02	Common Stock	S	18427	$52.75	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-02	Stock Appreciation Right	$37.92	M	15000	Disposed	2020-01-12	Common Stock (15000)	Direct
2020-01-02	Stock Appreciation Right	$37.26	M	15000	Disposed	2020-01-12	Common Stock (15000)	Direct
2020-01-02	Stock Appreciation Right	$33.12	M	15000	Disposed	2020-01-12	Common Stock (15000)	Direct
2020-01-02	Stock Appreciation Right	$37.82	M	15000	Disposed	2020-01-12	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9683932	Indirect

Footnotes

F1: Represents the weighted average price of multiple transactions with a range of prices between $52.48 and $52.98. 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 12, 2011.

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