SEC Form 4 · accession 0001140361-16-084660
LOEWS CORP · L
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Waldo Scott
Officer — SVP & Chief Investment Officer
Period of report
Nov 1, 2016
Accepted (ET)
Nov 3, 2016 · 11:40 am 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 | Nov 1, 2016 | M | 2,500 | $23.84 | A | 2,500 | D | |
| Common Stock | Nov 1, 2016 | M | 2,500 | $21.74 | A | 5,000 | D | |
| Common Stock | Nov 1, 2016 | M | 10,000 | $27.21 | A | 15,000 | D | |
| Common Stock | Nov 1, 2016 | M | 10,000 | $34.64 | A | 25,000 | D | |
| Common Stock | Nov 1, 2016 | D | 17,027 | $43.01 | D | 7,973 | D | |
| Common StockF1 | Nov 1, 2016 | S | 7,973 | $42.29 | 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 RightF3,F2 | $23.84 | Nov 1, 2016 | M | 2,500 | D | — | Jan 13, 2019 | Common Stock | 2,500 | 0 | D |
| Stock Appreciation RightF3,F2 | $21.74 | Nov 1, 2016 | M | 2,500 | D | — | Jan 13, 2019 | Common Stock | 2,500 | 0 | D |
| Stock Appreciation RightF3,F2 | $27.21 | Nov 1, 2016 | M | 10,000 | D | — | Jan 13, 2019 | Common Stock | 10,000 | 0 | D |
| Stock Appreciation RightF3,F2 | $34.64 | Nov 1, 2016 | M | 10,000 | D | — | Jan 13, 2019 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1Represents the weighted average price of multiple transactions with a range of prices between $42.22 and $42.37. 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 Stock Appreciation Rights became exercisable in four equal installments beginning on January 13, 2010.
- F3The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.