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: VOLANAKIS PETER F (Director, Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-06	Common Stock	M	352500	$21.15	Acquired	903508.28	Direct
2006-02-06	Common Stock	M	77500	$15.28	Acquired	981008.28	Direct
2006-02-06	Common Stock	S	430000	$24.09	Disposed	551008.28	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-06	Stock Options (Right to buy)	$15.28	M	77500	Disposed	2006-08-14	Common Stock (77500)	Direct
2006-02-06	Stock Options (Right to buy)	$21.15	M	352500	Disposed	2006-05-14	Common Stock (352500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	500	Indirect
Common Stock	500	Indirect
Common Stock	3621.11	Indirect