CORNING INC /NY — Director's Dealing 2007

Aug 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2007-07-31

Reporting Person: SCHNEIDER PAMELA C (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-31	Common Stock	M	27500	$12.70	Acquired	210419.47	Direct
2007-07-31	Common Stock	M	7500	$11.84	Acquired	217919.47	Direct
2007-07-31	Common Stock	S	35000	$24.73	Disposed	182919.47	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-31	Stock Options (Right to Buy)	$12.70	M	27500	Disposed	2014-11-30	Common Stock (27500)	Direct
2007-07-31	Stock Options (Right to Buy)	$11.84	M	7500	Disposed	2015-01-02	Common Stock (7500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	675.94	Indirect
Common Stock	7521.12	Indirect
Common Stock	1266	Indirect

Footnotes

F1: The reporting person disclaims beneficial ownership of all securities held by spouse.