CORNING INC /NY — Director's Dealing 2006

Dec 8, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2006-12-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-06	Common Stock	A	60000	—	Acquired	517825	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-06	Stock Options (Right to buy)	$21.89	A	66000	Acquired	2016-12-05	Common Stock (66000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4200	Indirect
Common Stock	15424.4	Indirect

Footnotes

F1: These shares were granted under the Incentive Stock Plan of Corning Incorporated and are subject to restrictions and terms contained in an agreement dated December 6, 2006.

F2: The Reporting Person disclaims beneficial ownership of all securities held by wife.