SEC Form 4 · accession 0001140361-17-019590
LOEWS CORP · L
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles D Davidson
Director
Period of report
May 9, 2017
Accepted (ET)
May 11, 2017 · 1:12 pm EDT
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 StockF1 | May 10, 2017 | M | 2,534 | — | A | 12,534 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | May 9, 2017 | A | 2,131 | A | — | — | Common Stock | 2,131 | 2,131 | D |
| Restricted Stock UnitsF1,F4 | — | May 10, 2017 | M | 2,534 | D | — | — | Common Stock | 2,534 | 0 | D |
Explanation of responses
- F1Restricted stock units (each, an "RSU") convert into shares of common stock on a one-for-one basis.
- F2Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- F3The RSUs vest on May 9, 2018. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting, subject to any election to defer delivery of shares made by the Reporting Person.
- F4On May 10, 2016, the Reporting Person was granted 2,520 RSUs, which, together with 14 additional RSUs awarded to the Reporting Person on account of dividend equivalent rights associated with the 2016 RSUs, vest on the first anniversary of the grant date.