LOEWS CORP — Director's Dealing 2020

Jan 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2019-12-30

Reporting Person: SIEGEL KENNETH I (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-30	Common Stock	M	11250	$43.14	Acquired	11250	Direct
2019-12-30	Common Stock	M	11250	$42.02	Acquired	22500	Direct
2019-12-30	Common Stock	D	18370	$52.15	Disposed	4130	Direct
2019-12-30	Common Stock	S	4130	$52.15	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-30	Stock Appreciation Right	$43.14	M	11250	Disposed	2021-01-11	Common Stock (11250)	Direct
2019-12-30	Stock Appreciation Right	$42.02	M	11250	Disposed	2021-01-11	Common Stock (11250)	Direct

Footnotes

F1: Represents the weighted average price of multiple transactions with a range of prices between $51.94 and $52.15. 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 11, 2012.

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