SEC Form 4 · accession 0001140361-17-041836
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
Nov 8, 2017
Accepted (ET)
Nov 9, 2017 · 4:22 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 | Nov 8, 2017 | M | 3,750 | $49.17 | A | 3,750 | D | |
| Common Stock | Nov 8, 2017 | M | 3,750 | $47.71 | A | 7,500 | D | |
| Common Stock | Nov 8, 2017 | D | 7,311 | $49.68 | D | 189 | D | |
| Common Stock | Nov 8, 2017 | S | 189 | $49.53 | 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 RightF2,F1 | $49.17 | Nov 8, 2017 | M | 3,750 | D | — | Jan 8, 2018 | Common Stock | 3,750 | 0 | D |
| Stock Appreciation RightF2,F1 | $47.71 | Nov 8, 2017 | M | 3,750 | D | — | Jan 8, 2018 | Common Stock | 3,750 | 0 | D |
Explanation of responses
- F1The Stock Appreciation Rights became exercisable in four equal installments beginning on January 8, 2009.
- F2The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.