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CORNING INC /NY — Director's Dealing 2013
Jul 2, 2013
29942_dirs_2013-07-02_dc80f04a-4265-4692-b4bf-e08d686c441f.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: 2013-06-28
Reporting Person: TOOKES HANSEL E II (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-06-28 | Phantom Stock | $0 | A | 277.32 | Acquired | Common Stock (277.32) | Direct | |
| 2013-07-01 | Phantom Stock | $0 | M | 39739.48 | Disposed | Common Stock (39739.48) | Direct |
Footnotes
F1: The value of each phantom stock unit is the economic equivalent of the cash value of the company's common stock on a one-for-one basis.
F2: Phantom stock units acquired pursuant to dividend reinvestment feature of Non-Employee Directors' Deferred Compensation Plan for which no additional price was paid.
F3: On July 1, 2013, based on a one-time election by the reporting person, phantom stock units will convert to (i) restricted stock units, to be held in a deferred account until six months following termination as a Corning director, or (ii) cash, to be held in a deferred account until (x) a date specified by the reporting person, or (y) termination as a Corning director.
F4: Each phantom stock unit was the economic equivalent of one share of the company's common stock. The reporting person settled the phantom stock units for cash, to be held in a deferred account until (x) a date specified by the reporting person, or (y) termination as a Corning director.
F5: The reporting person settled the phantom stock units for cash on 7/1/13, to be held in a deferred account until (x) a date specified by the reporting person, or (y) termination as a Corning director.