CORNING INC /NY — Director's Dealing 2006

Feb 17, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2006-02-16

Reporting Person: McRae Lawrence D (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-16	Common Stock	M	41750	$21.15	Acquired	144387	Direct
2006-02-16	Common Stock	S	41750	$24.58	Disposed	102637	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-16	Stock Options (Right to buy)	$21.15	M	41750	Disposed	2006-05-15	Common Stock (41750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	759.77	Indirect
Common Stock	4789.68	Indirect