SEC Form 4 · accession 0001140361-15-000622
LOEWS CORP · L
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David B Edelson
Officer — Sr. Vice President & CFO
Period of report
Jan 5, 2015
Accepted (ET)
Jan 5, 2015 · 7:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000060086
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 5, 2015 | M | 22,500 | $24.17 | A | 22,500 | D | |
| Common Stock | Jan 5, 2015 | M | 11,250 | $25.91 | A | 33,750 | D | |
| Common Stock | Jan 5, 2015 | M | 11,250 | $30.54 | A | 45,000 | D | |
| Common StockF1 | Jan 5, 2015 | S | 45,000 | $40.83 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3,F2 | $24.17 | Jan 5, 2015 | M | 22,500 | D | — | Jan 20, 2015 | Common Stock | 22,500 | 0 | D |
| Stock OptionF3,F2 | $25.91 | Jan 5, 2015 | M | 11,250 | D | — | Jan 20, 2015 | Common Stock | 11,250 | 0 | D |
| Stock OptionF3,F2 | $30.54 | Jan 5, 2015 | M | 11,250 | D | — | Jan 20, 2015 | Common Stock | 11,250 | 0 | D |
Explanation of responses
- F1Represents the weighted average price of multiple transactions with a range of prices between $40.63 and $41.28. 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.
- F2The stock option became exercisable in four equal annual installments beginning on January 20, 2006.
- F3The Reporting Person received the Derivative Security pursuant to a stock option grant at no cost.