CORNING INC /NY — Director's Dealing 2011

Jan 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2011-01-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-01	Common Stock	D	255102	—	Disposed	13760	Direct
2011-01-01	Common Stock	F	5218	$19.19	Disposed	8542	Direct
2011-01-01	Common Stock	M	336050	—	Acquired	344592	Direct
2011-01-01	Common Stock	F	150451	$19.19	Disposed	194141	Direct
2011-01-01	Common Stock	M	58750	—	Acquired	252891	Direct
2011-01-01	Common Stock	F	23320	$19.19	Disposed	229571	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-01	Performance Share Unit	$	M	336050	Disposed		Common Stock (336050)	Direct
2011-01-01	Restricted Stock Unit	$	M	58750	Disposed		Common Stock (58750)	Direct

Footnotes

F1: Each earned Performance Share Unit represented contingent right to receive one share of GLW Common Stock.

F2: Performance Share Units earned 2/3/2010 per Board Compensation Committee decision of extent performance criteria were met for FY 2009 under 12/08 agreement. Earned units vested at retirement pursuant to the 12/08 agreement.

F3: Each Restricted Stock Unit represented contingent right to receive one share of GLW Common Stock.

F4: Vesting pursuant to December 2009 agreement.

F5: Price based on 1/3/2011 market value as Transaction Date of 1/1/2011 was a Saturday.