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CORNING INC /NY — Director's Dealing 2009
Dec 4, 2009
29942_dirs_2009-12-04_cd06c4af-8fd8-4dc3-b9a3-8582f5c21650.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: 2009-12-02
Reporting Person: VOLANAKIS PETER F (Director, President & COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2009-12-03 | Common Stock | S | 50000 | $17.7101 | Disposed | 150000 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2009-12-02 | Stock Options (Right to Buy) | $17.82 | A | 43666 | Acquired | 2019-12-01 | Common Stock (43666) | Direct |
| 2009-12-02 | Restricted Stock Unit | $ | A | 58750 | Acquired | Common Stock (58750) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock
F2: The Restricted Stock Units vest 100% on February 15, 2013. Vested shares will be delivered to the reporting person within 60 (sixty) days after February 15, 2013. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to February 15, 2013.
F3: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $17.69 to $17.73, inclusive. The reporting person undertakes to provide to Corning Incorporated, any security holder of Corning Incorporated, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth previously in this footnote.