SEC Form 4 · accession 0001567619-19-000293
LOEWS CORP · L
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James S Tisch
Officer — Pres.&Chief Exec. Officer · Director
Period of report
Jan 2, 2019
Accepted (ET)
Jan 3, 2019 · 4:24 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, 2019 | M | 15,000 | $27.00 | A | 15,000 | D | |
| Common Stock | Jan 2, 2019 | M | 15,000 | $21.74 | A | 30,000 | D | |
| Common Stock | Jan 2, 2019 | M | 15,000 | $27.21 | A | 45,000 | D | |
| Common Stock | Jan 2, 2019 | M | 15,000 | $34.64 | A | 60,000 | D | |
| Common Stock | Jan 2, 2019 | D | 37,084 | $44.73 | D | 22,916 | D | |
| Common StockF1 | Jan 2, 2019 | S | 22,916 | $45.11 | D | 0 | D | |
| Common Stock | holding | — | — | — | 15,829,280 | 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 | $27.00 | Jan 2, 2019 | M | 15,000 | D | — | Jan 13, 2019 | Common Stock | 15,000 | 0 | D |
| Stock Appreciation RightF3,F2 | $21.74 | Jan 2, 2019 | M | 15,000 | D | — | Jan 13, 2019 | Common Stock | 15,000 | 0 | D |
| Stock Appreciation RightF3,F2 | $27.21 | Jan 2, 2019 | M | 15,000 | D | — | Jan 13, 2019 | Common Stock | 15,000 | 0 | D |
| Stock Appreciation RightF3,F2 | $34.64 | Jan 2, 2019 | M | 15,000 | D | — | Jan 13, 2019 | Common Stock | 15,000 | 0 | D |
Explanation of responses
- F1Represents the weighted average price of multiple transactions with a range of prices between $44.73 and $45.11. 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 13, 2010.
- F3The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.