CORNING INC /NY — Director's Dealing 2006

Aug 18, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2006-08-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-17	Common Stock	M	22222	$4.06	Acquired	176617	Direct
2006-08-17	Common Stock	S	22222	$20.82	Disposed	154395	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-17	Stock Options (Right to buy)	$4.06	M	22222	Disposed	2012-12-03	Common Stock (22222)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7695.78	Indirect