CORNING INC /NY — Director's Dealing 2006

Feb 8, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2006-02-06

Reporting Person: FLAWS JAMES B (Director, VICE CHAIRMAN & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-06	Common Stock	M	322500	$21.15	Acquired	780325	Direct
2006-02-06	Common Stock	S	322500	$24.12	Disposed	457825	Direct
2006-02-07	Common Stock	M	6000	$14.11	Acquired	463825	Direct
2006-02-07	Common Stock	M	6000	$11.77	Acquired	469825	Direct
2006-02-07	Common Stock	M	189945	$9.95	Acquired	659770	Direct
2006-02-07	Common Stock	S	12000	$23.85	Disposed	647770	Direct
2006-02-07	Common Stock	S	189945	$23.56	Disposed	457825	Direct
2006-02-08	Common Stock	M	100000	$7.74	Acquired	557825	Direct
2006-02-08	Common Stock	S	100000	$24.02	Disposed	457825	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-08	Stock Options (Right to buy)	$7.74	M	100000	Disposed	2012-01-31	Common Stock (100000)	Direct
2006-02-07	Stock Options (Right to buy)	$9.95	M	189945	Disposed	2011-12-04	Common Stock (189945)	Direct
2006-02-07	Stock Options (Right to buy)	$11.77	M	6000	Disposed	2007-12-02	Common Stock (6000)	Direct
2006-02-07	Stock Options (Right to buy)	$14.11	M	6000	Disposed	2007-02-04	Common Stock (6000)	Direct
2006-02-06	Stock Options (Right to buy)	$21.15	M	322500	Disposed	2006-05-14	Common Stock (322500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4200	Indirect
Common Stock	15424.46	Indirect

Footnotes

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