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CORNING INC /NY Director's Dealing 2006

Feb 8, 2006

29942_dirs_2006-02-08_f1278b2c-8d9b-4263-a437-8be508cda76b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: WEEKS WENDELL P (Director, President & CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-02-06 Common Stock M 200000 $15.28 Acquired 846304 Direct
2006-02-06 Common Stock S 200000 $24.18 Disposed 646304 Direct
2006-02-07 Common Stock M 179250 $15.28 Acquired 825554 Direct
2006-02-07 Common Stock S 179250 $23.78 Disposed 646304 Direct
2006-02-08 Common Stock M 200000 $21.15 Acquired 846304 Direct
2006-02-08 Common Stock S 200000 $24.03 Disposed 646304 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 200000 Disposed 2006-08-14 Common Stock (200000) Direct
2006-02-07 Stock Options (Right to buy) $15.28 M 179250 Disposed 2006-08-14 Common Stock (179250) Direct
2006-02-08 Stock Options (Right to buy) $21.15 M 200000 Disposed 2006-05-14 Common Stock (200000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 29862 Indirect
Common Stock 10506.33 Indirect
Common Stock 6377.32 Indirect

Footnotes

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