SEC Form 4 · accession 0001140361-15-000625
LOEWS CORP · L
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James S Tisch
Officer — Pres.&Chief Exec. Officer · Director
Period of report
Jan 2, 2015
Accepted (ET)
Jan 5, 2015 · 7:51 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 2, 2015 | M | 15,000 | $23.68 | A | 5,069,189 | D | |
| Common Stock | Jan 2, 2015 | M | 15,000 | $24.32 | A | 5,084,189 | D | |
| Common Stock | Jan 2, 2015 | M | 15,000 | $25.91 | A | 5,099,189 | D | |
| Common Stock | Jan 2, 2015 | M | 4,274 | $30.54 | A | 5,103,463 | D | |
| Common StockF1 | Jan 2, 2015 | S | 49,274 | $41.76 | D | 5,054,189 | D | |
| Common Stock | Jan 5, 2015 | M | 10,726 | $30.54 | A | 5,064,915 | D | |
| Common StockF2 | Jan 5, 2015 | S | 10,726 | $40.82 | D | 5,054,189 | D | |
| Common Stock | holding | — | — | — | 10,262,359 | I | By Trusts | |
| Common Stock | holding | — | — | — | 10,262,359 | I | By Trusts |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF4,F3 | $23.68 | Jan 2, 2015 | M | 15,000 | D | — | Jan 20, 2015 | Common Stock | 15,000 | 0 | D |
| Stock OptionF4,F3 | $24.32 | Jan 2, 2015 | M | 15,000 | D | — | Jan 20, 2015 | Common Stock | 15,000 | 0 | D |
| Stock OptionF4,F3 | $25.91 | Jan 2, 2015 | M | 15,000 | D | — | Jan 20, 2015 | Common Stock | 15,000 | 0 | D |
| Stock OptionF4,F3 | $30.54 | Jan 2, 2015 | M | 4,274 | D | — | Jan 20, 2015 | Common Stock | 4,274 | 10,726 | D |
| Stock OptionF4,F3 | $30.54 | Jan 5, 2015 | M | 10,726 | D | — | Jan 20, 2015 | Common Stock | 10,726 | 0 | D |
Explanation of responses
- F1Represents the weighted average price of multiple transactions with a range of prices between $41.52 and $42.21. 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.
- F2Represents the weighted average price of multiple transactions with a range of prices between $40.63 and $41.26. 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.
- F3The stock option became exercisable in four equal annual installments beginning on January 20, 2006.
- F4The Reporting Person received the Derivative Security pursuant to a stock option grant at no cost.