SEC Form 4 · accession 0001140361-16-064525
LOEWS CORP · L
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph L Bower
Director
Period of report
May 10, 2016
Accepted (ET)
May 11, 2016 · 2:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000060086
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | May 10, 2016 | A | 2,520 | A | — | — | Common Stock | 2,520 | 2,520 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- F2The RSUs vest on May 10, 2017. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting, unless the Reporting Person elects to defer delivery of shares in accordance with the Issuer's 2016 Incentive Compensation Plan.