SEC Form 4 · accession 0001140361-16-063543
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
May 4, 2016
Accepted (ET)
May 5, 2016 · 2:41 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 | May 4, 2016 | M | 11,250 | $37.82 | A | 11,250 | D | |
| Common Stock | May 4, 2016 | M | 11,250 | $37.86 | A | 22,500 | D | |
| Common Stock | May 4, 2016 | D | 21,380 | $39.82 | D | 1,120 | D | |
| Common Stock | May 4, 2016 | S | 1,120 | $39.68 | 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,F1 | $37.82 | May 4, 2016 | M | 11,250 | D | — | Jan 12, 2020 | Common Stock | 11,250 | 0 | D |
| Stock Appreciation RightsF3,F2 | $37.86 | May 4, 2016 | M | 11,250 | D | — | Jan 10, 2022 | Common Stock | 11,250 | 0 | D |
Explanation of responses
- F1The Derivative Security became exercisable in four equal annual installments beginning on January 12, 2011.
- F2The Derivative Security became exercisable in four equal annual installments beginning on January 10, 2013.
- F3The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.