SEC Form 4 · accession 0001140361-17-044553
LOEWS CORP · L
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David B Edelson
Officer — Sr. Vice President & CFO
Period of report
Nov 30, 2017
Accepted (ET)
Dec 1, 2017 · 10:35 am 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 30, 2017 | M | 11,250 | $49.17 | A | 11,250 | D | |
| Common Stock | Nov 30, 2017 | M | 11,250 | $40.34 | A | 22,500 | D | |
| Common Stock | Nov 30, 2017 | M | 11,250 | $47.71 | A | 33,750 | D | |
| Common Stock | Nov 30, 2017 | M | 11,250 | $38.38 | A | 45,000 | D | |
| Common Stock | Nov 30, 2017 | D | 39,191 | $50.41 | D | 5,809 | D | |
| Common StockF1 | Nov 30, 2017 | S | 5,809 | $50.25 | 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 | $49.17 | Nov 30, 2017 | M | 11,250 | D | — | Jan 8, 2018 | Common Stock | 11,250 | 0 | D |
| Stock Appreciation RightF3,F2 | $40.34 | Nov 30, 2017 | M | 11,250 | D | — | Jan 8, 2018 | Common Stock | 11,250 | 0 | D |
| Stock Appreciation RightF3,F2 | $47.71 | Nov 30, 2017 | M | 11,250 | D | — | Jan 8, 2018 | Common Stock | 11,250 | 0 | D |
| Stock Appreciation RightF3,F2 | $38.38 | Nov 30, 2017 | M | 11,250 | D | — | Jan 8, 2018 | Common Stock | 11,250 | 0 | D |
Explanation of responses
- F1Represents the weighted average price of multiple transactions with a range of prices between $50.09 and $50.43. 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 8, 2009.
- F3The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.