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L Loews Corporation

75.37
-0.45 (-0.59%)
Last Updated: 16:38:53
Delayed by 15 minutes
Share Name Share Symbol Market Type
Loews Corporation NYSE:L NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.45 -0.59% 75.37 75.74 75.31 75.68 71,522 16:38:53

Statement of Changes in Beneficial Ownership (4)

02/06/2021 6:52pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

LASKAWY PHILIP A
2. Issuer Name and Ticker or Trading Symbol

LOEWS CORP [ L ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

C/O LOEWS CORPORATION, 667 MADISON AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

5/31/2021
(Street)

NEW YORK, NY 10065
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 5/31/2021  M  1959 A(1)$0 7365 D  
Common Stock 6/1/2021  M  1500 A$42.02 8865 D  
Common Stock 6/1/2021  D  1071 D$58.84 7794 D  
Common Stock 6/1/2021  S  429 D$58.65 (2)7365 D  
Common Stock         6000 I By Spouse 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit  (3)5/31/2021  M     1959   (4) (4)Common Stock 1959 $0 0 D  
Stock Appreciation Right $42.02 6/1/2021  M     1500  6/30/2011 6/30/2021 Common Stock 1500 $0 (5)0 D  

Explanation of Responses:
(1) Represents the conversion into common stock upon vesting of previously awarded restricted stock units ("RSUs").
(2) Represents the weighted average price of multiple transactions with a range of prices between $58.65 and $58.84. 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.
(3) Each RSU represents a contingent right to receive one share of the Issuer's common stock.
(4) As previously reported on Table II of a Form 4 filed in connection therewith, on May 8, 2018, the Reporting Person was granted 1,952 RSUs which, together with additional RSUs awarded to the Reporting Person on account of dividend equivalent rights associated with such RSUs, vested on the first anniversary of the grant date. The Reporting Person elected to defer delivery of the common stock into which such RSUs vested until May 31, 2021. The common stock into which such vested RSUs converted is reported on Table I of this Form 4.
(5) The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
LASKAWY PHILIP A
C/O LOEWS CORPORATION
667 MADISON AVENUE
NEW YORK, NY 10065
X



Signatures
/s/ Thomas H. Watson by power of attorney for Philip A. Laskawy6/2/2021
**Signature of Reporting PersonDate

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