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: AIELLO LARRY (Pres. & CEO - Corning Cable)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-19	Phantom Stock	$0	J	126.98	Acquired	1988-08-08	Common Stock (126.98)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	101604	Direct
Common Stock	40	Indirect
Common Stock	40	Indirect
Common Stock	22709.5724	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to buy)	$3.8	2013-01-02	Common Stock (91666)	91666	Direct
Stock Options (Right to buy)	$4.06	2012-12-03	Common Stock (91666)	91666	Direct
Stock Options (Right to buy)	$4.15	2013-02-02	Common Stock (91668)	91668	Direct
Stock Options (Right to buy)	$6.71	2012-04-24	Common Stock (250000)	250000	Direct
Stock Options (Right to buy)	$7.74	2012-01-31	Common Stock (76250)	76250	Direct
Stock Options (Right to buy)	$8.35	2004-12-06	Common Stock (11976)	11976	Direct
Stock Options (Right to buy)	$8.7	2005-12-05	Common Stock (111345)	111345	Direct
Stock Options (Right to buy)	$9.38	2008-10-05	Common Stock (62331)	62331	Direct
Stock Options (Right to buy)	$9.95	2011-12-04	Common Stock (50000)	50000	Direct
Stock Options (Right to buy)	$15.28	2006-08-14	Common Stock (17830)	17830	Direct
Stock Options (Right to buy)	$20.39	2004-12-06	Common Stock (6870)	6870	Direct
Stock Options (Right to buy)	$20.39	2005-12-05	Common Stock (12951)	12951	Direct
Stock Options (Right to buy)	$21.15	2006-05-14	Common Stock (17830)	17830	Direct
Stock Options (Right to buy)	$31.83	2009-11-30	Common Stock (39000)	39000	Direct
Stock Options (Right to buy)	$56.1	2004-04-27	Common Stock (648)	648	Direct
Stock Options (Right to buy)	$65.61	2005-12-05	Common Stock (4080)	4080	Direct
Stock Options (Right to buy)	$70.75	2010-12-05	Common Stock (30000)	30000	Direct
Stock Options (Right to buy)	$72.11	2010-06-05	Common Stock (30000)	30000	Direct
Stock Options (Right to buy)	$76.32	2008-10-05	Common Stock (6348)	6348	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.