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: FLAWS JAMES B (Director, VICE CHAIRMAN & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-30	Common Stock	M	133334	$4.15	Acquired	591504	Direct
2007-04-30	Common Stock	F	48183	$23.72	Disposed	543321	Direct
2007-04-30	Common Stock	F	23327	$23.72	Disposed	519994	Direct
2007-04-30	Common Stock	S	61977	$24.08	Disposed	458017	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-30	Stock Options (Right to buy)	$4.15	M	133334	Disposed	2013-02-02	Common Stock (133334)	Direct
2007-04-30	Stock Options (Right to buy)	$23.72	A	23327	Acquired	2013-02-02	Common Stock (23327)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4200	Indirect
Common Stock	15424.4	Indirect

Footnotes

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