SEC Form 4 · accession 0001140361-18-022508
LOEWS CORP · L
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Walter L Harris
Director
Period of report
May 8, 2018
Accepted (ET)
May 9, 2018 · 4:30 pm EDT
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 StockF1 | May 9, 2018 | M | 2,141 | $0.00 | A | 10,675 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | May 8, 2018 | A | 1,952 | A | — | — | Common Stock | 1,952 | 1,952 | D |
| Restricted Stock UnitsF2,F4 | — | May 9, 2018 | M | 2,141 | D | — | — | Common Stock | 2,141 | 0 | D |
Explanation of responses
- F1Represents the conversion into common stock upon vesting of previously awarded restricted stock units ("RSUs").
- F2Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- F3The RSUs vest on May 8, 2019, and shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting, subject to any election to defer delivery of shares made by the Reporting Person.
- F4As previously reported on Table II of a Form 4 filed in connection therewith, on May 9, 2017, the Reporting Person was granted 2,131 RSUs, which, together with 10 additional RSUs awarded to the Reporting Person on account of dividend equivalent rights associated with the such RSUs, vested on the first anniversary of the grant date. The common stock into which such vested RSUs converted is reported on Table I of this Form 4.