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CORNING INC /NY — Director's Dealing 2008
Jul 2, 2008
29942_dirs_2008-07-02_b1a48b08-a203-4947-b926-a82fee53014f.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: 2008-06-30
Reporting Person: SIT EUGENE C (Former Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-06-30 | Phantom Stock | $0 | A | 818.28 | Acquired | Common Stock (818.28) | Direct | |
| 2008-06-30 | Phantom Stock | $0 | M | 21462.45 | Disposed | Common Stock (21462.45) | Direct |
Footnotes
F1: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.
F2: Includes 44.34 units acquired pursuant to dividend reinvestment feature of Non-Employee Directors' Deferred Compensation Plan for which no additional price was paid.
F3: Distribution of phantom stock units in cash under Non-Employee Directors' Deferred Compensation Plan upon Mr. Sit's termination as a Director of Corning. (Mr. Sit passed away on June 24, 2008.)
F4: Distribution of phantom stock units in cash under the Non-Employee Directors' Deferred Compensation Plan is deferred until a specific date as elected by the participant or termination of service as a Director of Corning.