CORNING INC /NY — Director's Dealing 2007

Feb 13, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2007-02-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-12	Common Stock	M	133333	$4.06	Acquired	642113	Direct
2007-02-12	Common Stock	S	133333	$21.6083	Disposed	508780	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-12	Stock Options (Right to buy)	$4.06	M	133333	Disposed	2012-12-03	Common Stock (133333)	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.