CORNING INC /NY — Director's Dealing 2007

Jul 31, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2007-07-30

Reporting Person: McRae Lawrence D (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-30	Common Stock	M	15000	$3.80	Acquired	142804	Direct
2007-07-30	Common Stock	S	1500	$24.31	Disposed	141304	Direct
2007-07-30	Common Stock	S	3800	$24.32	Disposed	137504	Direct
2007-07-30	Common Stock	S	9700	$24.33	Disposed	127804	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-30	Stock Options (Right to Buy)	$3.80	M	15000	Disposed	2013-01-02	Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5019.51	Indirect
Common Stock	759.33	Indirect