CORNING INC /NY — Director's Dealing 2006

Aug 28, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2006-08-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-25	Common Stock	M	50000	$3.8	Acquired	507825	Direct
2006-08-25	Common Stock	S	50000	$21.7456	Disposed	457825	Direct
2006-08-25	Common Stock	M	33333	$3.8	Acquired	491158	Direct
2006-08-25	Common Stock	S	33333	$21.7569	Disposed	457825	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-25	Stock Options (Right to buy)	$3.8	M	50000	Disposed	2013-01-02	Common Stock (50000)	Direct
2006-08-25	Stock Options (Right to buy)	$3.8	M	33333	Disposed	2013-01-02	Common Stock (33333)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4200	Indirect
Common Stock	15424.4	Indirect

Footnotes

F1: The Reporting Person disclaims beneficial ownership of all securities held by wife.