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CORNING INC /NY Director's Dealing 2008

Apr 2, 2008

29942_dirs_2008-04-02_290d83aa-c8eb-4ec3-a6b1-3f6a6ad8e8dc.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: 2008-03-31

Reporting Person: OCONNOR JAMES J (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-03-31 Common Stock A 26.5201 $23.7363 Acquired 128784.4095 Direct
2008-03-31 Common Stock - Jt. Tenant w/wife A 5.7751 $23.7363 Acquired 2747.4154 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-03-31 Phantom Stock $0 A 1726.29 Acquired Common Stock (1726.29) Direct

Footnotes

F1: Includes 26.5201 shares acquired on Company's March 31, 2008 quarterly dividend payment date under dividend reinvestment plan.

F2: Includes 5.7751 shares acquired on Company's March 31, 2008 quarterly dividend payment date under dividend reinvestment plan.

F3: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F4: Includes 191.48 units acquired pursuant to dividend reinvestment feature of Non-Employee Directors' Deferred Compensation Plan for which no additional price was paid.

F5: 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.