LOEWS CORP — Director's Dealing 2021

Jan 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LOEWS CORP (L)
CIK: 0000060086
Period of Report: 2021-01-04

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
2021-01-04	Common Stock	M	15000	$39.81	Acquired	15000	Direct
2021-01-04	Common Stock	M	15000	$43.14	Acquired	30000	Direct
2021-01-04	Common Stock	M	15000	$42.02	Acquired	45000	Direct
2021-01-04	Common Stock	M	15000	$35.04	Acquired	60000	Direct
2021-01-04	Common Stock	D	53288	$45.04	Disposed	6712	Direct
2021-01-04	Common Stock	S	6712	$44.45	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-04	Stock Appreciation Right	$39.81	M	15000	Disposed	2021-01-11	Common Stock (15000)	Direct
2021-01-04	Stock Appreciation Right	$43.14	M	15000	Disposed	2021-01-11	Common Stock (15000)	Direct
2021-01-04	Stock Appreciation Right	$42.02	M	15000	Disposed	2021-01-11	Common Stock (15000)	Direct
2021-01-04	Stock Appreciation Right	$35.04	M	15000	Disposed	2021-01-11	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 $44.26 and $45.04. 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 quarterly installments beginning on January 11, 2012.

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