SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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*
Staab Thomas R.

(Last) (First) (Middle)
C/O LORILLARD, INC.
714 GREEN VALLEY ROAD

(Street)
GREENSBORO NC 27408-7018

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
06/09/2008
3. Issuer Name and Ticker or Trading Symbol
LORILLARD, INC. [ LO ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior VP, CAO and Treasurer
5. If Amendment, Date of Original Filed (Month/Day/Year)
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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock(1) 5,000 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Appreciation Right(2) (3) 01/31/2016 Common Stock 3,250 $46.25 D
Stock Appreciation Right(2) (3) 01/31/2016 Common Stock 3,250 $47.86 D
Stock Appreciation Right(2) (3) 01/31/2016 Common Stock 3,250 $51.64 D
Stock Appreciation Right(2) (3) 01/31/2016 Common Stock 3,250 $55.35 D
Stock Appreciation Right(2) (4) 01/09/2017 Common Stock 3,250 $64.86 D
Stock Appreciation Right(2) (4) 01/09/2017 Common Stock 3,250 $75.2 D
Stock Appreciation Right(2) (4) 01/09/2017 Common Stock 3,250 $77.79 D
Stock Appreciation Right(2) (4) 01/09/2017 Common Stock 3,250 $80.78 D
Stock Appreciation Right(2) (5) 01/08/2018 Common Stock 3,250 $84.3 D
Stock Appreciation Right(2) (5) 01/08/2018 Common Stock 3,250 $73.75 D
Stock Option (right to buy)(6) (7) 01/31/2012 Common Stock 3,250 $28 D
Stock Option (right to buy)(6) (7) 01/21/2013 Common Stock 6,500 $22.74 D
Stock Option (right to buy)(6) (7) 01/16/2014 Common Stock 2,438 $25.49 D
Stock Option (right to buy)(6) (7) 01/16/2014 Common Stock 2,438 $26.79 D
Stock Option (right to buy)(6) (7) 01/16/2014 Common Stock 2,438 $24.53 D
Stock Option (right to buy)(6) (7) 01/16/2014 Common Stock 3,250 $23.9 D
Stock Option (right to buy)(6) (8) 01/20/2015 Common Stock 3,250 $32.09 D
Stock Option (right to buy)(6) (8) 01/20/2015 Common Stock 3,250 $32.63 D
Stock Option (right to buy)(6) (8) 01/20/2015 Common Stock 3,250 $32.86 D
Stock Option (right to buy)(6) (8) 01/20/2015 Common Stock 3,250 $39.25 D
Explanation of Responses:
1. Mr. Staab has the right to acquire shares of Lorillard, Inc. ("Lorillard") common stock pursuant to his ownership of shares of Carolina Group stock (a class of common stock of Loews Corporation), which will be exchanged for shares of Lorillard common stock on June 10, 2008.
2. Mr. Staab owns Stock Appreciation Rights with respect to Carolina Group stock, which will convert on the same terms to Stock Appreciation Rights with respect to Lorillard common stock on June 10, 2008.
3. Stock Appreciation Rights in respect of 1,625 shares of Lorillard common stock will be exercisable as of June 13, 2008. The remaining Stock Appreciation Rights become exercisable in two equal annual installments beginning on January 31, 2009.
4. Stock Appreciation Rights in respect of 812 shares of Lorillard common stock will be exercisable as of June 13, 2008. The remaining Stock Appreciation Rights will become exercisable in three equal annual installments beginning on January 9, 2009.
5. The Stock Appreciation Rights in respect of shares of Lorillard common stock will become exercisable in four equal annual installments beginning on January 8, 2009.
6. Mr. Staab owns Stock Options with respect to Carolina Group stock, which will convert on the same terms to Stock Options with respect to Lorillard common stock on June 10, 2008.
7. The Stock Options to purchase shares of Lorillard common stock will be exercisable June 13, 2008.
8. Stock Options to purchase 2,437 shares of Lorillard common stock will be exercisable as of June 13, 2008. The remaining Stock Options will become exercisable on January 20, 2009.
Remarks:
/s/ Ronald S. Milstein, as Attorney-in-fact for Thomas B. Staab 06/09/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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