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CORNING INC /NY — Director's Dealing 2013
Jul 2, 2013
29942_dirs_2013-07-02_1012a06e-9d64-4465-8d89-051206dc6276.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: BURNS STEPHANIE (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-06-28 | Restricted Stock Unit | $ | A | 1054.11 | Acquired | Common Stock (1054.11) | Direct | |
| 2013-06-28 | Phantom Stock | $0 | A | 16.49 | Acquired | Common Stock (16.49) | Direct | |
| 2013-07-01 | Phantom Stock | $0 | M | 2363.42 | Disposed | Common Stock (2363.42) | Direct | |
| 2013-07-01 | Restricted Stock Unit | $ | M | 2363.42 | Acquired | Common Stock (2363.42) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of the company's common stock.
F2: Conversion of restricted stock units to the company's common stock and distribution of such stock under the Non-Employee Directors' Deferred Compensation Plan is deferred until six months following termination as a Corning director.
F3: 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.
F4: Phantom stock units acquired pursuant to dividend reinvestment feature of Non-Employee Directors' Deferred Compensation Plan for which no additional price was paid.
F5: 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.
F6: Each phantom stock unit was the economic equivalent of one restricted stock unit. Based on a one-time election, the phantom stock units converted to restricted stock units, to be held in a deferred account until six months following termination as a Corning director.
F7: The reporting person settled the phantom stock units for restricted stock units on 7/1/13, to be held in a deferred account until six months following termination as a Corning director.