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CORNING INC /NY Director's Dealing 2007

Apr 27, 2007

29942_dirs_2007-04-27_ddbd0158-b190-42a3-9ecc-077e9c8208d2.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2007-04-26

Reporting Person: HOUGHTON JAMES R (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-04-26 Common Stock A 1605 Acquired 111547 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-04-26 Nonqualified Stock Options $24.91 A 1189 Acquired 2017-04-25 Common Stock (1189) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 9782 Indirect

Footnotes

F1: Amount reported as beneficially owned includes 1,608 shares transfered from the James R. Houghton Grantor Retained Annuity Trust II, dated 8/26/2005.

F2: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

F3: The options vest in three annual installments commencing one year after the date of the grant (396 shares on 04/26/2008, 396 shares on 04/26/2009, and 397 shares on 04/26/2010).