SEC Form 4 · accession 0001140361-16-089679
LOEWS CORP · L
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James S Tisch
Officer — President & CEO · Director
Period of report
Dec 13, 2016
Accepted (ET)
Dec 14, 2016 · 4:48 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 13, 2016 | M | 15,000 | $40.34 | A | 4,924,189 | D | |
| Common Stock | Dec 13, 2016 | M | 15,000 | $45.75 | A | 4,939,189 | D | |
| Common Stock | Dec 13, 2016 | D | 27,206 | $47.47 | D | 4,911,983 | D | |
| Common StockF1 | Dec 13, 2016 | S | 2,794 | $47.37 | D | 4,909,189 | D | |
| Common Stock | holding | — | — | — | 10,407,359 | I | By Trusts |
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 13, 2016 | M | 15,000 | D | — | Jan 9, 2017 | Common Stock | 15,000 | 0 | D |
| Stock Appreciation RightsF3,F2 | $45.75 | Dec 13, 2016 | M | 15,000 | D | — | Jan 9, 2017 | Common Stock | 15,000 | 0 | D |
Explanation of responses
- F1Represents the weighted average price of multiple transactions with a range of prices between $47.30 and $47.48. 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 in 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.