CORNING INC /NY — Director's Dealing 2006

Aug 29, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2006-08-29

Reporting Person: AIELLO LARRY (Pres. & CEO - CCS Holdings)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-29	Common Stock	M	8210	$12.18	Acquired	229406	Direct
2006-08-29	Common Stock	M	41072	$11.8	Acquired	270478	Direct
2006-08-29	Common Stock	S	49282	$22	Disposed	221196	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-29	Stock Options (Right to buy)	$11.8	M	41072	Disposed	2008-10-05	Common Stock (41072)	Direct
2006-08-29	Stock Options (Right to buy)	$12.18	M	8210	Disposed	2008-10-05	Common Stock (8210)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18730.86	Indirect