SEC Form 4 · accession 0001140361-16-058689
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
Mar 18, 2016
Accepted (ET)
Mar 22, 2016 · 1:00 pm EDT
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 | Mar 18, 2016 | M | 11,250 | $21.74 | A | 11,250 | D | |
| Common Stock | Mar 18, 2016 | D | 6,393 | $38.26 | D | 4,857 | D | |
| Common StockF1 | Mar 18, 2016 | S | 4,857 | $38.92 | 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 | $21.74 | Mar 18, 2016 | M | 11,250 | D | — | Mar 31, 2019 | Common Stock | 11,250 | 0 | D |
Explanation of responses
- F1Represents the weighted average price of multiple transactions with a range of prices between $38.78 and $39.20. 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 13, 2009.
- F3The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.