CORNING INC /NY — Director's Dealing 2007

May 2, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2007-05-01

Reporting Person: WEEKS WENDELL P (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-01	Common Stock	M	50000	$4.15	Acquired	826553	Direct
2007-05-01	Common Stock	S	50000	$23.5733	Disposed	776553	Direct
2007-05-02	Common Stock	M	108334	$4.15	Acquired	884887	Direct
2007-05-02	Common Stock	S	50000	$23.57	Disposed	834887	Direct
2007-05-02	Common Stock	S	8334	$23.9681	Disposed	826553	Direct
2007-05-02	Common Stock	S	50000	$24.04	Disposed	776553	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-01	Stock Options (Right to buy)	$4.15	M	50000	Disposed	2013-02-02	Common Stock (50000)	Direct
2007-05-02	Stock Options (Right to buy)	$4.15	M	108334	Disposed	2013-02-02	Common Stock (108334)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	29862	Indirect
Common Stock	6377.24	Indirect
Common Stock	10506.24	Indirect

Footnotes

F1: The Reporting Person disclaims beneficial ownership of all securities held by wife.