SEC Form 4 · accession 0001567619-19-000882
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
Jan 8, 2019
Accepted (ET)
Jan 9, 2019 · 4:22 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 8, 2019 | M | 11,250 | $27.00 | A | 17,501 | D | |
| Common Stock | Jan 8, 2019 | M | 11,250 | $21.74 | A | 28,751 | D | |
| Common Stock | Jan 8, 2019 | M | 11,250 | $27.21 | A | 40,001 | D | |
| Common Stock | Jan 8, 2019 | M | 11,250 | $34.64 | A | 51,251 | D | |
| Common Stock | Jan 8, 2019 | D | 26,927 | $46.20 | D | 24,324 | D | |
| Common StockF1 | Jan 8, 2019 | S | 18,073 | $45.70 | D | 6,251 | 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 | $27.00 | Jan 8, 2019 | M | 11,250 | D | — | Jan 13, 2019 | Common Stock | 11,250 | 0 | D |
| Stock Appreciation RightF3,F2 | $21.74 | Jan 8, 2019 | M | 11,250 | D | — | Jan 13, 2019 | Common Stock | 11,250 | 0 | D |
| Stock Appreciation RightF3,F2 | $27.21 | Jan 8, 2019 | M | 11,250 | D | — | Jan 13, 2019 | Common Stock | 11,250 | 0 | D |
| Stock Appreciation RightF3,F2 | $34.64 | Jan 8, 2019 | M | 11,250 | D | — | Jan 13, 2019 | Common Stock | 11,250 | 0 | D |
Explanation of responses
- F1Represents the weighted average price of multiple transactions with a range of prices between $45.69 and $46.20. 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.