CORNING INC /NY — Director's Dealing 2006

Nov 3, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2006-11-01

Reporting Person: VOLANAKIS PETER F (Director, Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-01	Common Stock	M	200000	$4.15	Acquired	750008.28	Direct
2006-11-01	Common Stock	S	200000	$20.5483	Disposed	550008.28	Direct
2006-11-01	Common Stock	G	2800	—	Disposed	547208.28	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-01	Stock Options (Right to Buy)	$4.15	M	200000	Disposed	2013-02-02	Common Stock (200000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	500	Indirect
Common Stock	500	Indirect