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CORNING INC /NY Director's Dealing 2011

Jul 1, 2011

29942_dirs_2011-07-01_e8b5dc84-9545-4f08-bb02-ec67f58080ec.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: 2011-06-30

Reporting Person: GUND GORDON (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-06-30 Common Stock A 51.2033 $17.97 Acquired 1605326.8506 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-06-30 Phantom Stock $0 A 2341.49 Acquired Common Stock (2341.49) Direct

Footnotes

F1: 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.

F2: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.

F3: Shares acquired on Company's June 30, 2011 quarterly dividend payment date under dividend reinvestment plan.

F4: Includes 316.70 units acquired pursuant to dividend reinvestment feature of Non-Employee Directors' Deferred Compensation Plan for which no additional price was paid.