CORNING INC /NY — Director's Dealing 2006

Aug 14, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2006-08-14

Reporting Person: McRae Lawrence D (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-14	Common Stock	M	24000	$9.38	Acquired	122137	Direct
2006-08-14	Common Stock	S	24000	$19.17	Disposed	98137	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-14	Stock Options (Right to buy)	$9.38	M	24000	Disposed	2008-10-05	Common Stock (24000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	759.77	Indirect
Common Stock	4818.53	Indirect