CORNING INC /NY — Director's Dealing 2007

May 7, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2007-05-03

Reporting Person: McRae Lawrence D (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-03	Common Stock	S	8000	$24	Disposed	129804	Direct
2007-05-04	Common Stock	M	25000	$7.74	Acquired	154804	Direct
2007-05-04	Common Stock	S	27000	$24.36	Disposed	127804	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-04	Stock Options (Right to buy)	$7.74	M	25000	Disposed	2012-02-01	Common Stock (25000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	759.77	Indirect
Common Stock	5019.65	Indirect