CORNING INC /NY — Director's Dealing 2006

Oct 30, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2006-10-27

Reporting Person: GREGG KIRK P (Exec. VP & Chief Admin.Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-27	Common Stock	M	75000	$4.06	Acquired	406271.23	Direct
2006-10-27	Common Stock	F	14520	$20.97	Disposed	391751.23	Direct
2006-10-27	Common Stock	F	26490	$20.97	Disposed	365261.23	Direct
2006-10-27	Common Stock	S	33500	$21	Disposed	331761.23	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-10-27	Stock Options (Right to buy)	$4.06	M	75000	Disposed	2012-12-03	Common Stock (75000)	Direct
2006-10-27	Stock Options (Right to buy)	$20.97	A	14520	Acquired	2012-12-03	Common Stock (14520)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8785.04	Indirect