0001140361-18-007327.txt : 20180213
0001140361-18-007327.hdr.sgml : 20180213
20180213180503
ACCESSION NUMBER: 0001140361-18-007327
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180211
FILED AS OF DATE: 20180213
DATE AS OF CHANGE: 20180213
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SCHWARTZ MARK S
CENTRAL INDEX KEY: 0001331842
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-06541
FILM NUMBER: 18605541
MAIL ADDRESS:
STREET 1: C/O LOEWS CORPORATION
STREET 2: 667 MADISON AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10065-8087
FORMER NAME:
FORMER CONFORMED NAME: Schwartz Mark
DATE OF NAME CHANGE: 20050630
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LOEWS CORP
CENTRAL INDEX KEY: 0000060086
STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331]
IRS NUMBER: 132646102
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 667 MADISON AVE
CITY: NEW YORK
STATE: NY
ZIP: 10065-8087
BUSINESS PHONE: 212-521-2000
MAIL ADDRESS:
STREET 1: 667 MADISON AVE
CITY: NEW YORK
STATE: NY
ZIP: 10065-8087
4
1
doc1.xml
FORM 4
X0306
4
2018-02-11
0
0000060086
LOEWS CORP
L
0001331842
SCHWARTZ MARK S
667 MADISON AVENUE
NEW YORK
NY
10065-8087
0
1
0
0
VP & Chief Accounting Officer
Common Stock
2018-02-11
4
M
0
6320
0
A
6320
D
Common Stock
2018-02-11
4
F
0
2196
46.73
D
4124
D
Restricted Stock Units
2018-02-11
4
M
0
6320
0
D
Common Stock
6320
6320.87
D
Restricted Stock Units
2018-02-12
4
A
0
9402
0
A
Common Stock
9402
9402
D
Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock. On February 11, 2016, the Reporting Person was awarded 12,500 RSUs subject to approval of the Issuer's 2016 Incentive Compensation Plan (the "Plan") by its shareholders. The Issuer's shareholders approved the Plan at the Issuer's annual meeting of shareholders on May 10, 2016 and the RSUs were then reported on Table II of Form 4, which was filed with the Securities and Exchange Commission (the "SEC") in connection therewith. 141.74 additional RSUs were awarded to the Reporting Person on account of dividend equivalent rights associated with these RSUs in connection with the Issuer's payment of dividends on its common stock after the grant date for the underlying RSUs and were reported on Table II of Form 4s previously filed with the SEC (such additional RSUs, together with the underlying RSUs, the "2016 RSUs"). 50% of the 2016 RSUs vested on February 11, 2018.
The Reporting Person is reporting the withholding, by the Issuer, of 2,196 shares of common stock that vested in respect of the 2016 RSUs on February 11, 2018 but were not issued in order to satisfy the Reporting Person's tax withholding obligations in connection with the delivery to the Reporting Person of the converted common stock in respect of the vested 2016 RSUs.
Each RSU represents a contingent right to receive one share of the Issuer's common stock.
50% of the 2016 RSUs vested on February 11, 2018. The common stock into which such vested RSUs converted is reported on Table I of this Form 4. The remaining unvested 2016 RSUs will vest on February 11, 2019. Shares of the Issuer's common stock will be delivered to the Reporting Person within 30 days after vesting, subject to any election to defer delivery of shares by the Reporting Person.
The Reporting Person was awarded 9,402 RSUs on February 12, 2018 (the "2018 RSUs"). 50% of the 2018 RSUs vest on February 12, 2020 and 50% vest on February 12, 2021. Shares of the Issuer's common stock will be delivered to the Reporting Person within 30 days after vesting, subject to any election to defer delivery of shares by the Reporting Person.
/s/ Glenn P. Zarin by power of attorney for Mark S. Schwartz
2018-02-13