CORNING INC /NY — Director's Dealing 2007

Feb 21, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2007-02-20

Reporting Person: VOLANAKIS PETER F (Director, Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-20	Common Stock	M	50000	$4.15	Acquired	646464.28	Direct
2007-02-20	Common Stock	M	50000	$7.74	Acquired	696464.28	Direct
2007-02-20	Common Stock	S	100000	$21.6407	Disposed	596464.28	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-20	Stock Options (Right to buy)	$4.15	M	50000	Disposed	2013-02-02	Common Stock (50000)	Direct
2007-02-20	Stock Options (Right to buy)	$7.74	M	50000	Disposed	2012-01-31	Common Stock (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	500	Indirect
Common Stock	500	Indirect