Statement of Changes in Beneficial Ownership (4)
02 Giugno 2021 - 7:52PM
Edgar (US Regulatory)
FORM 4
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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
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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LASKAWY PHILIP A |
2. Issuer Name and Ticker or Trading Symbol
LOEWS CORP
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L
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(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)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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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)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. 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 Date | 7. 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) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount 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
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
LASKAWY PHILIP A C/O LOEWS CORPORATION 667 MADISON AVENUE NEW YORK, NY 10065 | X |
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Signatures
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/s/ Thomas H. Watson by power of attorney for Philip A. Laskawy | | 6/2/2021 |
**Signature of Reporting Person | Date |
Grafico Azioni Loews (NYSE:L)
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Da Mar 2024 a Apr 2024
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Da Apr 2023 a Apr 2024