SEC Form 4 · accession 0001140361-16-088905
LOEWS CORP · L
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark S Schwartz
Officer — VP & Chief Accounting Officer
Period of report
Dec 2, 2016
Accepted (ET)
Dec 6, 2016 · 4:06 pm 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 | Dec 2, 2016 | M | 3,000 | $40.34 | A | 3,000 | D | |
| Common Stock | Dec 2, 2016 | M | 3,750 | $38.38 | A | 6,750 | D | |
| Common Stock | Dec 2, 2016 | M | 1,250 | $33.12 | A | 8,000 | D | |
| Common Stock | Dec 2, 2016 | M | 5,000 | $35.04 | A | 13,000 | D | |
| Common Stock | Dec 2, 2016 | D | 10,692 | $45.03 | D | 2,308 | D | |
| Common StockF1 | Dec 2, 2016 | S | 2,308 | $44.75 | 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 | $40.34 | Dec 2, 2016 | M | 3,000 | D | — | Jan 9, 2017 | Common Stock | 3,000 | 0 | D |
| Stock Appreciation RightF3,F4 | $38.38 | Dec 2, 2016 | M | 3,750 | D | — | Jan 8, 2018 | Common Stock | 3,750 | 0 | D |
| Stock Appreciation RightF3,F5 | $33.12 | Dec 2, 2016 | M | 1,250 | D | — | Jan 12, 2020 | Common Stock | 1,250 | 0 | D |
| Stock Appreciation RightF3,F6 | $35.04 | Dec 2, 2016 | M | 5,000 | D | — | Jan 11, 2021 | Common Stock | 5,000 | 0 | D |
Explanation of responses
- F1Represents the weighted average price of multiple transactions with a range of prices between $44.745 and $44.750. 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 9, 2008.
- F3The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.
- F4The Stock Appreciation Rights became exercisable in four equal installments beginning on January 8, 2009.
- F5The Stock Appreciation Rights became exercisable in four equal installments beginning on January 12, 2011.
- F6The Stock Appreciation Rights became exercisable in four equal installments beginning on January 11, 2012.