CORNING INC /NY — Director's Dealing 2006

Aug 15, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2006-08-15

Reporting Person: VOLANAKIS PETER F (Director, Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-15	Common Stock	M	50000	$4.06	Acquired	600008.28	Direct
2006-08-15	Common Stock	S	50000	$19.7097	Disposed	550008.28	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-15	Stock Options (Right to buy)	$4.06	M	50000	Disposed	2012-12-03	Common Stock (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	500	Indirect
Common Stock	500	Indirect
Common Stock	3621.06	Indirect