SEC Form 4 · accession 0001140361-17-044598
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 30, 2017
Accepted (ET)
Dec 1, 2017 · 3:44 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 30, 2017 | M | 5,000 | $39.81 | A | 5,000 | D | |
| Common Stock | Nov 30, 2017 | M | 5,000 | $39.80 | A | 10,000 | D | |
| Common Stock | Nov 30, 2017 | M | 5,000 | $41.14 | A | 15,000 | D | |
| Common Stock | Nov 30, 2017 | M | 3,750 | $40.46 | A | 18,750 | D | |
| Common Stock | Nov 30, 2017 | M | 3,750 | $40.61 | A | 22,500 | D | |
| Common Stock | Nov 30, 2017 | M | 3,750 | $38.46 | A | 26,250 | D | |
| Common Stock | Nov 30, 2017 | M | 3,750 | $35.52 | A | 30,000 | D | |
| Common Stock | Nov 30, 2017 | D | 23,511 | $50.41 | D | 6,489 | D | |
| Common StockF1 | Nov 30, 2017 | S | 6,489 | $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 RightF5,F2 | $39.81 | Nov 30, 2017 | M | 5,000 | D | — | Jan 11, 2021 | Common Stock | 5,000 | 0 | D |
| Stock Appreciation RightF5,F3 | $39.80 | Nov 30, 2017 | M | 5,000 | D | — | Jan 10, 2022 | Common Stock | 5,000 | 0 | D |
| Stock Appreciation RightF5,F3 | $41.14 | Nov 30, 2017 | M | 5,000 | D | — | Jan 10, 2022 | Common Stock | 5,000 | 0 | D |
| Stock Appreciation RightF5,F4 | $40.46 | Nov 30, 2017 | M | 3,750 | D | — | Jan 9, 2025 | Common Stock | 3,750 | 0 | D |
| Stock Apprication RightF5,F4 | $40.61 | Nov 30, 2017 | M | 3,750 | D | — | Jan 9, 2025 | Common Stock | 3,750 | 0 | D |
| Stock Appreciation RightF5,F4 | $38.46 | Nov 30, 2017 | M | 3,750 | D | — | Jan 9, 2025 | Common Stock | 3,750 | 0 | D |
| Stock Appreciation RightF5,F4 | $35.52 | Nov 30, 2017 | M | 3,750 | D | — | Jan 9, 2025 | Common Stock | 3,750 | 0 | D |
Explanation of responses
- F1Represents the weighted average price of multiple transactions with a range of prices between $50.23 and $50.28. 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 11, 2012.
- F3The Stock Appreciation Rights became exercisable in four equal installments beginning on January 10, 2013.
- F4The Stock Appreciation Rights became exercisable in four equal installments beginning on January 9, 2016.
- F5The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.