CORNING INC /NY — Director's Dealing 2006

Aug 7, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2006-08-04

Reporting Person: WEEKS WENDELL P (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-04	Common Stock	M	100000	$4.06	Acquired	746304	Direct
2006-08-04	Common Stock	S	100000	$18.96	Disposed	646304	Direct
2006-08-07	Common Stock	M	85000	$4.06	Acquired	731304	Direct
2006-08-07	Common Stock	S	85000	$18.22	Disposed	646304	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-04	Stock Options (Right to buy)	$4.06	M	100000	Disposed	2012-12-03	Common Stock (100000)	Direct
2006-08-07	Stock Options (Right to buy)	$4.06	M	85000	Disposed	2012-12-03	Common Stock (85000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	29862	Indirect
Common Stock	10506.24	Indirect
Common Stock	6377.24	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to buy)	$4.06	2012-12-03	Common Stock (0)	0	Indirect

Footnotes

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