UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 9)*
LOEWS CORPORATION
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
540424-10-8
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(CUSIP Number)
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Barry Bloom
667 Madison Avenue
New York, New York 10021
212 521-2930
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 19, 2000
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. [_]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 (the "Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 10 Pages
SCHEDULE 13D
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CUSIP NO. 540424-10-8 PAGE 2 OF 10 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(entities only)
Laurence A. Tisch
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
8,478,998
NUMBER OF -----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 2,000,000
EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 8,478,998
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,000,000
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,478,998
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.6%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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SCHEDULE 13D
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CUSIP NO. 540424-10-8 PAGE 3 OF 10 PAGES
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Andrew H. Tisch
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(See Instructions) (b) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS (See Instructions)
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7. SOLE VOTING POWER
NUMBER OF 1,252,000
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 20,000
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 1,252,000
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
20,000
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,272,000
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12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
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14. TYPE OF REPORTING PERSON (See Instructions)
IN
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SCHEDULE 13D
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CUSIP NO. 540424-10-8 PAGE 4 OF 10 PAGES
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Daniel R. Tisch
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(See Instructions) (b) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS (See Instructions)
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7. SOLE VOTING POWER
NUMBER OF 1,250,880
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 1,250,880
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,250,880
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12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
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14. TYPE OF REPORTING PERSON (See Instructions)
IN
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SCHEDULE 13D
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CUSIP NO. 540424-10-8 PAGE 5 OF 10 PAGES
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
James S. Tisch
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(See Instructions) (b) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS (See Instructions)
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7. SOLE VOTING POWER
NUMBER OF 1,330,000
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 50,000
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 1,330,000
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
50,000
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,380,000
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12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
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14. TYPE OF REPORTING PERSON (See Instructions)
IN
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SCHEDULE 13D
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CUSIP NO. 540424-10-8 PAGE 6 OF 10 PAGES
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Thomas J. Tisch
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(See Instructions) (b) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS (See Instructions)
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
[ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7. SOLE VOTING POWER
NUMBER OF 1,250,000
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 40,000
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 1,250,000
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
40,000
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,290,000
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12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
[ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
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14. TYPE OF REPORTING PERSON (See Instructions)
IN
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Laurence A. Tisch, Andrew H. Tisch, Daniel R. Tisch, James S. Tisch and
Thomas J. Tisch (the "Reporting Persons") hereby amend and supplement the
statement on Schedule 13D previously filed by them with respect to the Common
Stock (the "Common Stock") of Loews Corporation (the "Issuer") as set forth
herein. Except as amended and supplemented hereby, the statement on Schedule
13D, as heretofore amended and supplemented, remains in full force and effect.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The aggregate number and percentage of the outstanding Common Stock
(based upon a total of 98,614,000 shares reported as outstanding by the Issuer
as of November 3, 2000) beneficially owned by each of the Reporting Persons as
of December 22, 2000 were as follows:
Laurence A. Tisch 10,478,998 10.6%
Andrew H. Tisch 1,272,000 1.3
Daniel R. Tisch 1,250,880 1.3
James S. Tisch 1,380,000 1.4
Thomas J. Tisch 1,290,000 1.3
Laurence A. Tisch has sole voting power and sole investment power with
respect to 8,478,998 shares of Common Stock. The remaining 2,000,000 shares
beneficially owned by him are owned by Wilma S. Tisch, his wife, and accordingly
he may be deemed to share voting power and investment power with respect to such
shares.
Andrew H. Tisch has sole voting power and sole investment power as to
2,000 shares of Common Stock held by him directly and 1,250,000 shares held by
Andrew H. Tisch 1991 Trust, for which he is the managing trustee. In addition,
he has shared voting power and shared investment power with respect to 20,000
shares held by a charitable foundation of which he is a director.
Daniel R. Tisch has sole voting power and sole investment power as to
500 shares of Common Stock held by him directly, 1,250,000 shares held by Daniel
R. Tisch 1991 Trust, for which he is the managing trustee, and 380 shares owned
by him as custodian for a son of Andrew H. Tisch.
James S. Tisch has sole voting power and sole investment power as to
80,000 shares of Common Stock held by him directly and 1,250,000 shares of
Common Stock held by James S. Tisch 1991 Trust, for which he is the managing
trustee. In addition, he has shared voting power and shared investment power
with respect to 50,000 shares held by a charitable foundation of which he is a
director.
Thomas J. Tisch has sole voting power and sole investment power as to
1,250,000 shares of Common Stock held by Thomas J. Tisch 1991 Trust, for which
he is the managing
Page 7 of 10 Pages
trustee. In addition, he has shared voting power and shared investment power
with respect to 20,000 shares held by a charitable foundation of which he is a
director, and he may be deemed to have shared voting power and shared investment
power with respect to 20,000 shares owned by Alice M. Tisch, his wife, as
custodian for their children.
During the sixty days preceding the filing of this statement, the
Reporting Persons effected the following transactions in the Common Stock of the
Issuer. Laurence A. Tisch effected sales of shares over which he has sole
dispositive power on the New York Stock Exchange as follows:
Date Number of Shares Price per Share
---- ---------------- ---------------
11/27/00 113,500 $94.5805
11/28/00 111,400 $95.0211
11/29/00 301,900 $95.1237
11/30/00 73,200 $94.8300
12/1/00 30,100 $94.5000
12/4/00 110,300 $94.7563
12/5/00 49,600 $95.0291
12/6/00 70,000 $94.9643
12/7/00 40,000 $94.9375
12/8/00 85,000 $94.7500
12/19/00 520,000 $95.6683
12/20/00 325,000 $97.7500
In addition, on December 19, 2000, a charitable foundation of which
Thomas J. Tisch is a director sold 10,000 shares of Common Stock on the New York
Stock Exchange at $94.956833 per share.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1. Agreement regarding the joint filing of this statement.
Page 8 of 10 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
December 22, 2000 /s/ Laurence A. Tisch
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Laurence A. Tisch
/s/ Andrew H. Tisch
----------------------------------
Andrew H. Tisch
/s/ Daniel R. Tisch
----------------------------------
Daniel R. Tisch
/s/ James S. Tisch
----------------------------------
James S. Tisch
/s/ Thomas J. Tisch
----------------------------------
Thomas J. Tisch
Page 9 of 10 Pages
AGREEMENT
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act
of 1934, the undersigned hereby agree that this Amendment No. 9 to Schedule 13D,
dated December 22, 2000, relating to the Common Stock of Loews Corporation is
being filed with the Securities and Exchange Commission on behalf of each of
them.
December 22, 2000
/s/ Laurence A. Tisch
----------------------------------
Laurence A. Tisch
/s/ Andrew H. Tisch
----------------------------------
Andrew H. Tisch
/s/ Daniel R. Tisch
----------------------------------
Daniel R. Tisch
/s/ James S. Tisch
----------------------------------
James S. Tisch
/s/ Thomas J. Tisch
----------------------------------
Thomas J. Tisch