CORNING INC /NY — Director's Dealing 2003

Aug 20, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2003-08-19

Reporting Person: VOLANAKIS PETER F (Director, PRESIDENT)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-19	Phantom Stock	$0	J	147.87	Acquired	1988-08-08	Common Stock (147.87)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	239195.279	Direct
Common Stock	500	Indirect
Common Stock	500	Indirect
Common Stock	699	Indirect
Common Stock	10428.9201	Indirect
Common Stock - Jt. Tenant w/wife	44921	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to buy)	$3.8	2013-01-02	Common Stock (250000)	250000	Direct
Stock Options (Right to buy)	$4.06	2012-12-03	Common Stock (250000)	250000	Direct
Stock Options (Right to buy)	$4.15	2013-02-02	Common Stock (250000)	250000	Direct
Stock Options (Right to buy)	$7.74	2012-01-31	Common Stock (425000)	425000	Direct
Stock Options (Right to buy)	$9.38	2008-10-05	Common Stock (41838)	41838	Direct
Stock Options (Right to buy)	$9.95	2011-12-04	Common Stock (350000)	350000	Direct
Stock Options (Right to buy)	$15.28	2006-08-14	Common Stock (352500)	352500	Direct
Stock Options (Right to buy)	$17.56	2005-06-06	Common Stock (1443)	1443	Direct
Stock Options (Right to buy)	$19.74	2004-04-27	Common Stock (3453)	3453	Direct
Stock Options (Right to buy)	$19.94	2004-04-27	Common Stock (3798)	3798	Direct
Stock Options (Right to buy)	$21.15	2006-05-14	Common Stock (352500)	352500	Direct
Stock Options (Right to buy)	$30.8	2008-10-05	Common Stock (3248)	3248	Direct
Stock Options (Right to buy)	$31.83	2009-11-30	Common Stock (60000)	60000	Direct
Stock Options (Right to buy)	$54.63	2010-12-21	Common Stock (600000)	600000	Direct
Stock Options (Right to buy)	$61.38	2008-10-05	Common Stock (4127)	4127	Direct
Stock Options (Right to buy)	$64.92	2007-12-02	Common Stock (1542)	1542	Direct
Stock Options (Right to buy)	$70.75	2010-12-05	Common Stock (150000)	150000	Direct
Stock Options (Right to buy)	$72.11	2010-06-05	Common Stock (600000)	600000	Direct
Stock Options (Right to buy)	$95.58	2007-12-02	Common Stock (4272)	4272	Direct

Footnotes

F1: The reported Phantom Stock Units are acquired on a monthly basis pursuant to the terms of Corning's Supplemental Investment Plan (a 401(K) Excess Benefit Plan) and will be settled for cash on or after the reporting person's retirement or other termination of service.