CORNING INC /NY — Director's Dealing 2007

May 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2007-04-30

Reporting Person: HOUGHTON JAMES R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-30	Common Stock	M	100000	$3.8	Acquired	211547	Direct
2007-04-30	Common Stock	S	50000	$24.0678	Disposed	161547	Direct
2007-04-30	Common Stock	S	50000	$24.08	Disposed	111547	Direct
2007-05-01	Common Stock	M	100000	$3.8	Acquired	211547	Direct
2007-05-01	Common Stock	S	50000	$23.2296	Disposed	161547	Direct
2007-05-01	Common Stock	S	50000	$23.308	Disposed	111547	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-30	Stock Option (right to buy)	$3.8	M	50000	Disposed	2013-01-02	Common Stock (50000)	Direct
2007-04-30	Stock Option (right to buy)	$3.8	M	50000	Disposed	2013-01-02	Common Stock (50000)	Direct
2007-05-01	Stock Option (right to buy)	$3.8	M	50000	Disposed	2013-01-02	Common Stock (50000)	Direct
2007-05-01	Stock Option (right to buy)	$3.8	M	50000	Disposed	2007-01-02	Common Stock (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9782	Indirect

Footnotes

F1: The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.

F2: The options vested in three equal annual installments on January 3, 2004, January 3, 2005 and January 3, 2006.