CORNING INC /NY — Director's Dealing 2006

Aug 3, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2006-08-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-03	Common Stock	M	100000	$4.06	Acquired	650008.28	Direct
2006-08-03	Common Stock	S	100000	$18.03	Disposed	550008.28	Direct

Derivative Transactions

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

Holdings (Non-Derivative)

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