CORNING INC /NY — Director's Dealing 2007

May 23, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2007-05-21

Reporting Person: Tripeny R Tony (Vice President and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-21	Common Stock	M	8889	$4.15	Acquired	104868	Direct
2007-05-21	Common Stock	M	10837	$7.74	Acquired	115705	Direct
2007-05-21	Common Stock	M	9163	$7.74	Acquired	124868	Direct
2007-05-21	Common Stock	F	2120	$24.52	Disposed	122748	Direct
2007-05-21	Common Stock	F	2496	$24.52	Disposed	120252	Direct
2007-05-21	Common Stock	F	2846	$24.52	Disposed	117406	Direct
2007-05-21	Common Stock	F	1504	$24.52	Disposed	115902	Direct
2007-05-21	Common Stock	F	2892	$24.52	Disposed	113010	Direct
2007-05-21	Common Stock	S	13949	$24.52	Disposed	99061	Direct
2007-05-21	Common Stock	F	3420	$24.52	Disposed	95641	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-21	Stock Options (Right to Buy)	$4.15	M	8889	Disposed	2013-02-02	Common Stock (8889)	Direct
2007-05-21	Stock Options (Right to Buy)	$7.74	M	10837	Disposed	2012-02-01	Common Stock (10837)	Direct
2007-05-21	Stock Options (Right to Buy)	$7.74	M	9163	Disposed	2012-02-01	Common Stock (9163)	Direct
2007-05-21	Stock Options (Right to Buy)	$24.52	A	2892	Acquired	2012-02-01	Common Stock (2892)	Direct
2007-05-21	Phantom Stock Units	$0	I	209.04	Disposed		Common Stock (209.04)	Direct
2007-05-21	Stock Options (Right to Buy)	$24.52	A	3420	Acquired	2012-02-01	Common Stock (3420)	Direct
2007-05-21	Stock Options (Right to Buy)	$24.52	A	1504	Acquired	2013-02-02	Common Stock (1504)	Direct

Footnotes

F1: The reported Phantom Stock Units are acquired on a monthly basis pursuant to the terms of Corning's Supplemental Investment Plan and will be settled for cash at fair market value on or after the reporting person's retirement or other termination of service.

F2: Intra-Plan transfer of funds from phantom stock units in Corning's Supplemental Investment Plan into another fund within the Plan.