SEC Form 4 · accession 0001140361-16-090008
LOEWS CORP · L
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth I Siegel
Officer — Senior Vice President
Period of report
Dec 15, 2016
Accepted (ET)
Dec 16, 2016 · 4:17 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 15, 2016 | M | 11,250 | $37.92 | A | 11,250 | D | |
| Common Stock | Dec 15, 2016 | M | 11,250 | $37.26 | A | 22,500 | D | |
| Common Stock | Dec 15, 2016 | M | 2,813 | $33.12 | A | 25,313 | D | |
| Common Stock | Dec 15, 2016 | M | 11,250 | $37.82 | A | 36,563 | D | |
| Common Stock | Dec 15, 2016 | M | 11,250 | $39.81 | A | 47,813 | D | |
| Common Stock | Dec 15, 2016 | M | 5,625 | $35.04 | A | 53,438 | D | |
| Common Stock | Dec 15, 2016 | M | 11,250 | $37.86 | A | 64,688 | D | |
| Common Stock | Dec 15, 2016 | M | 11,250 | $39.41 | A | 75,938 | D | |
| Common Stock | Dec 15, 2016 | M | 11,250 | $39.80 | A | 87,188 | D | |
| Common Stock | Dec 15, 2016 | D | 70,180 | $47.39 | D | 17,008 | D | |
| Common StockF1 | Dec 15, 2016 | S | 17,008 | $47.49 | 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 | $37.92 | Dec 15, 2016 | M | 11,250 | D | — | Jan 12, 2020 | Common Stock | 11,250 | 0 | D |
| Stock Appreciation RightF3,F2 | $37.26 | Dec 15, 2016 | M | 11,250 | D | — | Jan 12, 2020 | Common Stock | 11,250 | 0 | D |
| Stock Appreciation RightF3,F2 | $33.12 | Dec 15, 2016 | M | 2,813 | D | — | Jan 12, 2020 | Common Stock | 2,813 | 0 | D |
| Stock Appreciation RightF3,F2 | $37.82 | Dec 15, 2016 | M | 11,250 | D | — | Jan 12, 2020 | Common Stock | 11,250 | 0 | D |
| Stock Appreciation RightF3,F4 | $39.81 | Dec 15, 2016 | M | 11,250 | D | — | Jan 11, 2021 | Common Stock | 11,250 | 0 | D |
| Stock Appreciation RightF3,F4 | $35.04 | Dec 15, 2016 | M | 5,625 | D | — | Jan 11, 2021 | Common Stock | 5,625 | 0 | D |
| Stock Appreciation RightF3,F5 | $37.86 | Dec 15, 2016 | M | 11,250 | D | — | Jan 10, 2022 | Common Stock | 11,250 | 0 | D |
| Stock Appreciation RightF3,F5 | $39.41 | Dec 15, 2016 | M | 11,250 | D | — | Jan 10, 2022 | Common Stock | 11,250 | 0 | D |
| Stock Appreciation RightF3,F5 | $39.80 | Dec 15, 2016 | M | 11,250 | D | — | Jan 10, 2022 | Common Stock | 11,250 | 0 | D |
Explanation of responses
- F1Represents the weighted average price of multiple transactions with a range of prices between $47.37 and $47.72. 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 12, 2011.
- F3The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.
- F4The derivative security became exercisable in four equal annual installments beginning on January 11, 2012.
- F5The derivative security became exercisable in four equal annual installments beginning on January 10, 2013.