SEC Form 4 · accession 0001140361-16-048300
LOEWS CORP · L
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary W Garson
Officer — Sr. Vice Pres., GC & Sec.
Period of report
Jan 19, 2016
Accepted (ET)
Jan 21, 2016 · 11:29 am 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 19, 2016 | M | 11,250 | $33.14 | A | 11,250 | D | |
| Common Stock | Jan 19, 2016 | M | 11,250 | $34.18 | A | 22,500 | D | |
| Common Stock | Jan 19, 2016 | M | 11,250 | $34.89 | A | 33,750 | D | |
| Common Stock | Jan 19, 2016 | D | 32,127 | $35.79 | D | 1,623 | D | |
| Common StockF1 | Jan 19, 2016 | S | 1,623 | $35.36 | 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 Appreciation RightsF3,F2 | $33.14 | Jan 19, 2016 | M | 11,250 | D | — | Jan 31, 2016 | Common Stock | 11,250 | 0 | D |
| Stock Appreciation RightsF3,F2 | $34.18 | Jan 19, 2016 | M | 11,250 | D | — | Jan 31, 2016 | Common Stock | 11,250 | 0 | D |
| Stock Appreciation RightsF3,F2 | $34.89 | Jan 19, 2016 | M | 11,250 | D | — | Jan 31, 2016 | Common Stock | 11,250 | 0 | D |
Explanation of responses
- F1Represents the weighted average price of multiple transactions with a range of prices between $35.22 and $35.79. 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 Derivative Security became exercisable in four equal annual installments beginning on January 31, 2007.
- F3The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.