CORNING INC /NY — Director's Dealing 2011

Feb 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2011-02-14

Reporting Person: VOLANAKIS PETER F (Retired Pres., COO, Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-14	Common Stock	M	57500	$11.84	Acquired	57500	Direct
2011-02-14	Common Stock	M	62333	$8.67	Acquired	119833	Direct
2011-02-14	Common Stock	M	124666	$10.05	Acquired	244499	Direct
2011-02-14	Common Stock	M	124666	$10.25	Acquired	369165	Direct
2011-02-14	Common Stock	S	369165	$22.2752	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-14	Stock Options (Right to Buy)	$11.84	M	57500	Disposed	2015-01-02	Common Stock (57500)	Direct
2011-02-14	Stock Options (Right to Buy)	$8.67	M	62333	Disposed	2018-12-02	Common Stock (62333)	Direct
2011-02-14	Stock Options (Right to Buy)	$10.05	M	124666	Disposed	2019-01-01	Common Stock (124666)	Direct
2011-02-14	Stock Options (Right to Buy)	$10.25	M	124666	Disposed	2019-02-01	Common Stock (124666)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.25 to $22.405, 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 sold at each separate price within the ranges set forth previously in this footnote.