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CORNING INC /NY Director's Dealing 2009

Dec 22, 2009

29942_dirs_2009-12-22_5e5423f5-5589-477b-8e24-10aeee5a1ed2.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: 2009-12-18

Reporting Person: OCONNOR JAMES J (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-12-18 Common Stock A 34.8859 $18.4682 Acquired 111065.4479 Direct
2009-12-18 Common Stock - Jt. Tenant W/wife A 7.5968 $18.4682 Acquired 2813.6206 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2009-12-18 Phantom Stock $0 A 301.2 Acquired Common Stock (301.2) Direct

Footnotes

F1: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F2: 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 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.

F4: Shares acquired on Company's December 18, 2009 dividend payment date under dividend reinvestment plan.