SEC Form 4 · accession 0001140361-18-000447
LOEWS CORP · L
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan M Tisch
Officer — Co-Ch. of Bd/Off. of the Pres. · Director
Period of report
Jan 2, 2018
Accepted (ET)
Jan 3, 2018 · 4:16 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 | Jan 2, 2018 | M | 15,000 | $49.17 | A | 2,992,381 | D | |
| Common Stock | Jan 2, 2018 | M | 15,000 | $40.34 | A | 3,007,381 | D | |
| Common Stock | Jan 2, 2018 | M | 15,000 | $47.71 | A | 3,022,381 | D | |
| Common Stock | Jan 2, 2018 | M | 15,000 | $38.38 | A | 3,037,381 | D | |
| Common Stock | Jan 2, 2018 | D | 52,426 | $50.24 | D | 2,984,955 | D | |
| Common StockF1 | Jan 2, 2018 | D | 7,574 | $49.92 | D | 2,977,381 | D | |
| Common Stock | holding | — | — | — | 4,206,551 | I | By Trusts |
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 | Jan 2, 2018 | M | 15,000 | D | — | Jan 8, 2018 | Common Stock | 15,000 | 0 | D |
| Stock Appreciation RightF3,F2 | $40.34 | Jan 2, 2018 | M | 15,000 | D | — | Jan 8, 2018 | Common Stock | 15,000 | 0 | D |
| Stock Appreciation RightF3,F2 | $47.71 | Jan 2, 2018 | M | 15,000 | D | — | Jan 8, 2018 | Common Stock | 15,000 | 0 | D |
| Stock Appreciation RightF3,F2 | $38.38 | Jan 2, 2018 | M | 15,000 | D | — | Jan 8, 2018 | Common Stock | 15,000 | 0 | D |
Explanation of responses
- F1Represents the weighted average price of multiple transactions with a range of prices between $49.92 and $50.24. 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.