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: 2006-08-24

Reporting Person: ASBECK KATHERINE A (Senior VP - Finance)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-24	Common Stock	M	22222	$3.8	Acquired	176617	Direct
2006-08-24	Common Stock	S	22222	$21.1455	Disposed	154395	Direct
2006-08-25	Common Stock	M	22222	$4.15	Acquired	176617	Direct
2006-08-25	Common Stock	S	22222	$21.5	Disposed	154395	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-24	Stock Options (Right to buy)	$3.8	M	22222	Disposed	2013-01-02	Common Stock (22222)	Direct
2006-08-25	Stock Options (Right to buy)	$4.15	M	22222	Disposed	2013-02-02	Common Stock (22222)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7695.78	Indirect