Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SCHWARTZ MARK S
  2. Issuer Name and Ticker or Trading Symbol
LOEWS CORP [L]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP & Chief Accounting Officer
(Last)
(First)
(Middle)
667 MADISON AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
12/13/2016
(Street)

NEW YORK, NY 10065-8087
4. If Amendment, Date 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
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 12/14/2016   M   3,750 A $ 40.34 3,750 D  
Common Stock 12/14/2016   M   5,000 A $ 37.92 8,750 D  
Common Stock 12/14/2016   M   5,000 A $ 37.26 13,750 D  
Common Stock 12/14/2016   M   5,000 A $ 37.82 18,750 D  
Common Stock 12/14/2016   M   5,000 A $ 37.86 23,750 D  
Common Stock 12/14/2016   M   5,000 A $ 39.41 28,750 D  
Common Stock 12/14/2016   D   23,172 D $ 47.58 5,578 D  
Common Stock 12/14/2016   S   5,578 D $ 47.1 (1) 0 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(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 Units (2) 12/13/2016   A   16.4 (3)     (4)   (4) Common Stock 16.4 $ 0 12,576.1 D  
Stock Appreciation Right $ 40.34 12/14/2016   M     3,750   (5) 01/08/2018 Common Stock 3,750 $ 0 (6) 0 D  
Stock Appreciation Right $ 37.92 12/14/2016   M     5,000   (7) 01/12/2020 Common Stock 5,000 $ 0 (6) 0 D  
Stock Appreciation Right $ 37.26 12/14/2016   M     5,000   (7) 01/12/2020 Common Stock 5,000 $ 0 (6) 0 D  
Stock Appreciation Right $ 37.82 12/14/2016   M     5,000   (7) 01/12/2020 Common Stock 5,000 $ 0 (6) 0 D  
Stock Appreciation Right $ 37.86 12/14/2016   M     5,000   (8) 01/10/2022 Common Stock 5,000 $ 0 (6) 0 D  
Stock Appreciation Right $ 39.41 12/14/2016   M     5,000   (8) 01/10/2022 Common Stock 5,000 $ 0 (6) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SCHWARTZ MARK S
667 MADISON AVENUE
NEW YORK, NY 10065-8087
      VP & Chief Accounting Officer  

Signatures

 /s/ Glenn P. Zarin by power of attorney for Mark S. Schwartz   12/15/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).
(1) Represents the weighted average price of multiple transactions with a range of prices between $47.01 and $47.27. 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.
(2) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
(3) Represents additional RSUs awarded to the Reporting Person on account of dividend equivalent rights associated with previously awarded RSUs (the "Previous RSUs").
(4) These RSUs vest, and shares of the Issuer's common stock will be delivered to the Reporting Person, concurrently with Previous RSUs, subject to any election to defer delivery of shares made by the Reporting Person with respect to such Previous RSUs.
(5) The Stock Appreciation Rights became exercisable in four equal installments beginning on January 8, 2009.
(6) The Reporting Person received the Derivative Security pursuant to a stock appreciation right grant at no cost.
(7) The Stock Appreciation Rights became exercisable in four equal installments beginning on January 12, 2011.
(8) The Stock Appreciation Rights became exercisable in four equal installments beginning on January 10, 2013.

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