SEC Form 4 · accession 0001140361-16-089418
LOEWS CORP · L
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David B Edelson
Officer — Sr. Vice President & CFO
Period of report
Dec 9, 2016
Accepted (ET)
Dec 12, 2016 · 5:48 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 9, 2016 | M | 11,250 | $40.34 | A | 11,250 | D | |
| Common Stock | Dec 9, 2016 | M | 11,250 | $45.75 | A | 22,500 | D | |
| Common Stock | Dec 9, 2016 | D | 20,667 | $46.86 | D | 1,833 | D | |
| Common StockF1 | Dec 9, 2016 | S | 1,833 | $47.22 | 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 | $40.34 | Dec 9, 2016 | M | 11,250 | D | — | Jan 9, 2017 | Common Stock | 11,250 | 0 | D |
| Stock Appreciation RightsF3,F2 | $45.75 | Dec 9, 2016 | M | 11,250 | D | — | Jan 9, 2017 | Common Stock | 11,250 | 0 | D |
Explanation of responses
- F1Represents the weighted average price of multiple transactions with a range of prices between $46.86 and $47.24. 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 9, 2008.
- F3The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.