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CORNING INC /NY — Director's Dealing 2007
Feb 12, 2007
29942_dirs_2007-02-12_bf78d4d5-78f0-4807-b017-2a9e2050c365.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: 2007-02-12
Reporting Person: HOUGHTON JAMES R (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2007-02-12 | Common Stock | M | 200000 | $3.8 | Acquired | 321912 | Direct |
| 2007-02-12 | Common Stock | S | 200000 | $21.6695 | Disposed | 121912 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-02-12 | Stock Option (right to buy) | $3.8 | M | 200000 | Disposed | 2013-01-02 | Common Stock (200000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1608 | Indirect |
| Common Stock | 9782 | Indirect |
Footnotes
F1: Respective amounts reported as beneficially owned directly by the reporting person and indirectly by the GRAT reflect a previously unreported transfer of 6,150 shares from the GRAT to the reporting person.
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 these securities for purposes of Section 16 or for any other purpose.
F3: The options vested in three equal annual installments on January 3, 2004, January 3, 2005 and January 3, 2006.