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
                                                                                  
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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
                      

1. Name and Address of Reporting Person *

TISCH JAMES S
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
__X__ Officer (give title below)    _____ Other (specify below)
Pres.&Chief Exec. Officer
(Last)          (First)          (Middle)

667 MADISON AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

11/18/2021
(Street)

NEW YORK, NY 10065-8087
(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 11/18/2021  M  15000 A$37.86 574995 D  
Common Stock 11/18/2021  M  15000 A$39.41 589995 D  
Common Stock 11/18/2021  M  15000 A$39.80 604995 D  
Common Stock 11/18/2021  M  15000 A$41.14 619995 D  
Common Stock 11/18/2021  D  41695 D$56.92 578300 D  
Common Stock         559995 I By Spouse 
Common Stock         14789192 I By Trusts 

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
Stock Appreciation Right $37.86 11/18/2021  M     15000   (1)1/10/2022 Common Stock 15000 $0 (2)0 D  
Stock Appreciation Right $39.41 11/18/2021  M     15000   (1)1/10/2022 Common Stock 15000 $0 (2)0 D  
Stock Appreciation Right $39.80 11/18/2021  M     15000   (1)1/10/2022 Common Stock 15000 $0 (2)0 D  
Stock Appreciation Right $41.14 11/18/2021  M     15000   (1)1/10/2022 Common Stock 15000 $0 (2)0 D  

Explanation of Responses:
(1) The Stock Appreciation Rights became exercisable in equal quarterly installments beginning on January 10, 2013.
(2) 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
TISCH JAMES S
667 MADISON AVENUE
NEW YORK, NY 10065-8087
X
Pres.&Chief Exec. Officer

Signatures
/s/ Thomas H. Watson by power of attorney for James S. Tisch11/19/2021
**Signature of Reporting PersonDate

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