SEC Form 4 · accession 0001140361-17-001201
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
Jan 6, 2017
Accepted (ET)
Jan 9, 2017 · 4:04 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 | Jan 6, 2017 | M | 3,000 | $45.75 | A | 3,000 | D | |
| Common Stock | Jan 6, 2017 | D | 2,944 | $46.62 | D | 56 | D | |
| Common StockF1 | Jan 6, 2017 | S | 56 | $46.59 | 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 | $45.75 | Jan 6, 2017 | M | 3,000 | D | — | Jan 9, 2017 | Common Stock | 3,000 | 0 | D |
Explanation of responses
- F1Represents the weighted average price of multiple transactions with a range of prices between $46.57 and $46.62. 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.