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: FLAWS JAMES B (Director, VICE CHAIRMAN & CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-19	Phantom Stock	$0	J	252.1	Acquired	1988-08-08	Common Stock (252.1)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	160706	Direct
Common Stock	4200	Indirect
Common Stock	22612.5368	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to buy)	$3.8	2013-01-02	Common Stock (233333)	233333	Direct
Stock Options (Right to buy)	$4.06	2012-12-03	Common Stock (233333)	233333	Direct
Stock Options (Right to buy)	$4.15	2013-02-02	Common Stock (233334)	233334	Direct
Stock Options (Right to buy)	$7.74	2012-01-31	Common Stock (363281)	363281	Direct
Stock Options (Right to buy)	$8.7	2005-12-05	Common Stock (59022)	59022	Direct
Stock Options (Right to buy)	$9.38	2008-10-05	Common Stock (61500)	61500	Direct
Stock Options (Right to buy)	$9.95	2011-12-04	Common Stock (300000)	300000	Direct
Stock Options (Right to buy)	$11.77	2007-02-04	Common Stock (6000)	6000	Direct
Stock Options (Right to buy)	$14.11	2007-12-02	Common Stock (6000)	6000	Direct
Stock Options (Right to buy)	$15.28	2006-08-14	Common Stock (322500)	322500	Direct
Stock Options (Right to buy)	$21.15	2006-05-14	Common Stock (322500)	322500	Direct
Stock Options (Right to buy)	$24.46	2004-04-27	Common Stock (2295)	2295	Direct
Stock Options (Right to buy)	$28.7	2005-06-06	Common Stock (774)	774	Direct
Stock Options (Right to buy)	$28.7	2005-12-05	Common Stock (6972)	6972	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 (540000)	540000	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 (540000)	540000	Direct
Stock Options (Right to buy)	$76.47	2004-04-27	Common Stock (1716)	1716	Direct
Stock Options (Right to buy)	$76.47	2005-06-06	Common Stock (126)	126	Direct
Stock Options (Right to buy)	$76.47	2005-12-05	Common Stock (1707)	1707	Direct
Stock Options (Right to buy)	$96.25	2008-10-05	Common Stock (5994)	5994	Direct
Stock Options (Right to buy)	$100.26	2004-12-06	Common Stock (600)	600	Direct
Stock Options (Right to buy)	$100.26	2007-02-04	Common Stock (3525)	3525	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.