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 *
KANTOR JONATHAN D
  2. Issuer Name and Ticker or Trading Symbol
CNA FINANCIAL CORP [CNA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP, Gen. Counsel & Sec.
(Last)
(First)
(Middle)
333 S. WABASH
3. Date of Earliest Transaction (Month/Day/Year)
02/12/2014
(Street)

CHICAGO, IL 60604
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 02/12/2014   M   30,000 A $ 26.27 30,000 D  
Common Stock 02/12/2014   S   30,000 D $ 42.2 (1) 0 D  
Common Stock 02/12/2014   M   30,000 A $ 27.27 30,000 D  
Common Stock 02/12/2014   S   30,000 D $ 42.2 (1) 0 D  
Common Stock (2) 02/12/2014   M   30,000 A $ 42.28 8,017 D  
Common Stock 02/12/2014   F(3)   3,879 D $ 42.28 4,138 D  
Common Stock (4) 02/12/2014   M   22,500 A $ 42.28 13,035 D  
Common Stock 02/12/2014   F(5)   4,588 D $ 42.28 8,447 D  
Common Stock (6) 02/12/2014   M   22,500 A $ 42.28 16,519 D  
Common Stock 02/12/2014   F(7)   4,163 D $ 42.28 12,356 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
Stock Options $ 26.27 02/12/2014   M     30,000   (8) 04/28/2014 Common Stock 30,000 $ 0 (9) 0 D  
Stock Options $ 27.27 02/12/2014   M     30,000   (10) 02/09/2015 Common Stock 30,000 $ 0 (9) 0 D  
Stock Appreciation Rights $ 30.98 02/12/2014   M     30,000   (11) 02/08/2016 Common Stock 30,000 $ 0 (12) 0 D  
Stock Appreciation Rights $ 25.56 02/12/2014   M     22,500   (13) 03/03/2020 Common Stock 22,500 $ 0 (12) 7,500 D  
Stock Appreciation Rights $ 27.11 02/12/2014   M     22,500   (14) 01/28/2021 Common Stock 22,500 $ 0 (12) 7,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
KANTOR JONATHAN D
333 S. WABASH
CHICAGO, IL 60604
      EVP, Gen. Counsel & Sec.  

Signatures

 Jonathan D. Kantor   02/13/2014
**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) This transaction was executed in multiple trades at prices ranging from $42.57 to $41.975. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
(2) The Reporting Person exercised 30,000 Stock Appreciation Rights and as such received a gain of 8,017 shares of the issuers common stock.
(3) The Company's Incentive Compensation Plan (as amended as of January 1, 2010) permits the withholding of shares of common stock to satisfy tax withholding obligations of the participants upon the lapse of restrictions on those shares. As previously reported, these shares were granted to Mr. Kantor on February 8, 2006.
(4) The Reporting Person exercised 22,500 Stock Appreciation Rights and as such received a gain of 8,897 shares of the issuers common stock.
(5) The Company's Incentive Compensation Plan (as amended as of January 1, 2010) permits the withholding of shares of common stock to satisfy tax withholding obligations of the participants upon the lapse of restrictions on those shares. As previously reported, these shares were granted to Mr. Kantor on March 3, 2010.
(6) The Reporting Person exercised 22,500 Stock Appreciation Rights and as such received a gain of 8,072 shares of the issuers common stock.
(7) The Company's Incentive Compensation Plan (as amended as of January 1, 2010) permits the withholding of shares of common stock to satisfy tax withholding obligations of the participants upon the lapse of restrictions on those shares. As previously reported, these shares were granted to Mr. Kantor on January 28, 2011.
(8) As previously reported, the option became exercisable in four equal annual installments beginning on April 28, 2005.
(9) The Reporting Person received the Stock Options at no cost.
(10) As previously reported, the option became exercisable in four equal annual installments beginning on February 9, 2006.
(11) As previously reported, the Stock Appreciation Rights became exercisable in four equal annual installments beginning on February 8, 2007.
(12) The Reporting Person received the Derivative Security pursuant to a grant of stock appreciation rights at no cost.
(13) As previously reported, the Stock Appreciation Rights became exercisable in four equal annual installments beginning on March 3, 2011.
(14) As previously reported, the Stock Appreciation Rights became exercisable in four equal annual installments beginning on January 28, 2012.

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