CORNING INC /NY — Director's Dealing 2007

Oct 30, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2007-10-29

Reporting Person: HOUGHTON JAMES R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-29	Common Stock	M	180000	$4.06	Acquired	250397	Direct
2007-10-29	Common Stock	S	6200	$23.71	Disposed	244197	Direct
2007-10-29	Common Stock	S	7487	$23.72	Disposed	236710	Direct
2007-10-29	Common Stock	S	2913	$23.725	Disposed	233797	Direct
2007-10-29	Common Stock	S	3200	$23.73	Disposed	230597	Direct
2007-10-29	Common Stock	S	700	$23.735	Disposed	229897	Direct
2007-10-29	Common Stock	S	1900	$23.74	Disposed	227997	Direct
2007-10-29	Common Stock	S	17200	$23.75	Disposed	210797	Direct
2007-10-29	Common Stock	S	2000	$23.755	Disposed	208797	Direct
2007-10-29	Common Stock	S	32476	$23.76	Disposed	176321	Direct
2007-10-29	Common Stock	S	5881	$23.765	Disposed	170440	Direct
2007-10-29	Common Stock	S	56660	$23.77	Disposed	113780	Direct
2007-10-29	Common Stock	S	800	$23.775	Disposed	112980	Direct
2007-10-29	Common Stock	S	26200	$23.78	Disposed	86780	Direct
2007-10-29	Common Stock	S	3300	$23.79	Disposed	83480	Direct
2007-10-29	Common Stock	S	100	$23.795	Disposed	83380	Direct
2007-10-29	Common Stock	S	2400	$23.8	Disposed	80980	Direct
2007-10-29	Common Stock	S	5819	$23.81	Disposed	75161	Direct
2007-10-29	Common Stock	S	1400	$23.82	Disposed	73761	Direct
2007-10-29	Common Stock	S	2410	$23.83	Disposed	71351	Direct
2007-10-29	Common Stock	S	854	$23.835	Disposed	70497	Direct
2007-10-29	Common Stock	S	100	$23.84	Disposed	70397	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-10-29	Stock Option (right to buy)	$4.06	M	180000	Disposed	2012-12-03	Common Stock (180000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9782	Indirect
Common Stock	41150	Indirect

Footnotes

F1: Excludes 41,150 shares previously owned directly which were transferred to the James R. Houghton Grantor Retained Annuity Trust III.

F2: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

F3: The options vested in three equal installments on 12/04/2003, 12/04/2004, and 12/04/2005.