SEC Form 4 · accession 0001140361-17-044110
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
Nov 28, 2017
Accepted (ET)
Nov 29, 2017 · 2:18 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 28, 2017 | M | 5,625 | $35.52 | A | 5,625 | D | |
| Common Stock | Nov 28, 2017 | M | 5,625 | $38.46 | A | 11,250 | D | |
| Common Stock | Nov 28, 2017 | M | 5,625 | $40.61 | A | 16,875 | D | |
| Common Stock | Nov 28, 2017 | M | 5,625 | $40.46 | A | 22,500 | D | |
| Common Stock | Nov 28, 2017 | D | 17,593 | $49.57 | D | 4,907 | D | |
| Common StockF1 | Nov 28, 2017 | S | 4,907 | $49.69 | 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 | $35.52 | Nov 28, 2017 | M | 5,625 | D | — | Jan 9, 2025 | Common Stock | 5,625 | 5,625 | D |
| Stock Appreciation RightF3,F2 | $38.46 | Nov 28, 2017 | M | 5,625 | D | — | Jan 9, 2025 | Common Stock | 5,625 | 5,625 | D |
| Stock Appreciation RightF3,F2 | $40.61 | Nov 28, 2017 | M | 5,625 | D | — | Jan 9, 2025 | Common Stock | 5,625 | 5,625 | D |
| Stock Appreciation RightF3,F2 | $40.46 | Nov 28, 2017 | M | 5,625 | D | — | Jan 9, 2025 | Common Stock | 5,625 | 5,625 | D |
Explanation of responses
- F1Represents the weighted average price of multiple transactions with a range of prices between $49.63 and $49.78. 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, 2016.
- F3The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.