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CORNING INC /NY — Director's Dealing 2011
Jan 5, 2011
29942_dirs_2011-01-05_4d7c12f0-555f-4d2a-af22-e0f8255395c0.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: 2011-01-03
Reporting Person: FLAWS JAMES B (Director, VICE CHAIRMAN & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-01-03 | Common Stock | M | 1185 | — | Acquired | 230697 | Direct |
| 2011-01-03 | Common Stock | F | 1185 | $19.19 | Disposed | 229512 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-01-03 | Stock Options (Right to Buy) | $19.19 | A | 30880 | Acquired | 2021-01-02 | Common Stock (30880) | Direct |
| 2011-01-03 | Restricted Stock Unit | $ | A | 41688 | Acquired | Common Stock (41688) | Direct | |
| 2011-01-03 | Restricted Stock Unit | $ | M | 1185 | Disposed | Common Stock (1185) | Direct |
Footnotes
F1: The options vest in three equal annual installments beginning on January 3, 2012.
F2: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock
F3: The Restricted Stock Units vest 100% on February 14, 2014. Vested shares will be delivered to the reporting person within 60 (sixty) days after February 14, 2014. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to February 14, 2014.
F4: Vesting to satisfy tax requirement pursuant to the December 2009 agreement.