CORNING INC /NY — Director's Dealing 2008

May 2, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2008-05-02

Reporting Person: HOUGHTON JAMES R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-02	Common Stock	M	180000	$4.15	Acquired	209411	Direct
2008-05-02	Common Stock	S	138674	$26.5	Disposed	70737	Direct
2008-05-02	Common Stock	S	17596	$26.51	Disposed	53141	Direct
2008-05-02	Common Stock	S	3800	$26.52	Disposed	49341	Direct
2008-05-02	Common Stock	S	9200	$26.53	Disposed	40141	Direct
2008-05-02	Common Stock	S	10530	$26.7	Disposed	29611	Direct
2008-05-02	Common Stock	S	200	$26.71	Disposed	29411	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-02	Stock Option (right to buy)	$4.15	M	180000	Disposed	2013-02-02	Common Stock (180000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9782	Indirect
Common Stock	41150	Indirect
Common Stock	44267	Indirect

Footnotes

F1: 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.

F2: The options vested in three equal installments on 02/03/2004, 02/03/2005, and 02/03/2006.