CORNING INC /NY — Director's Dealing 2006

Feb 23, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2006-02-22

Reporting Person: BROWN ROBERT B (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-22	Common Stock	M	30938	$7.74	Acquired	139438	Direct
2006-02-22	Common Stock	S	30938	$24.95	Disposed	108500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-22	Stock Options	$7.74	M	30938	Disposed	2012-01-31	Common Stock (30938)	Direct
2006-02-22	Phantom Stock	$0	I	189.11	Disposed		Common Stock (189.11)	Direct

Footnotes

F1: 1 for 1 conversion of phantom stock units

F2: Intra-plan transfer of funds from phantom stock units in Supplemental Investment Plan into another fund within the Plan.

F3: The reported Phantom Stock Units are acquired on a monthly basis pursuant to the terms of Corning's Supplemental Investment Plan and will be settled for cash at fair market value on or after the reporting person's retirement or other termination of service.