AI assistant
CORNING INC /NY — Director's Dealing 2015
Dec 3, 2015
29942_dirs_2015-12-03_7be0f2e9-8761-4711-9689-767ad77fc8c3.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2015-12-01
Reporting Person: FLAWS JAMES B (Director, VICE CHAIRMAN)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-12-01 | Common Stock | M | 62888 | — | Acquired | 337962 | Direct |
| 2015-12-01 | Common Stock | M | 40288 | — | Acquired | 378250 | Direct |
| 2015-12-01 | Common Stock | M | 35365 | — | Acquired | 413615 | Direct |
| 2015-12-01 | Common Stock | F | 69022 | $18.82 | Disposed | 344593 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-12-01 | Restricted Stock Unit | $ | D | 3215 | Disposed | Common Stock (3215) | Direct | |
| 2015-12-01 | Restricted Stock Unit | $ | M | 62888 | Disposed | Common Stock (62888) | Direct | |
| 2015-12-01 | Restricted Stock Unit | $ | M | 40288 | Disposed | Common Stock (40288) | Direct | |
| 2015-12-01 | Restricted Stock Unit | $ | M | 35365 | Disposed | Common Stock (35365) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F2: Mr. Flaws retired effective December 1, 2015. Restricted Stock Units awarded March 31, 2015 remained restricted until December 1, 2015, when 3,215 units were forfeited and 35,365 units vested and converted into GLW common stock per terms of the March 2015 Agreement approved by Compensation Committee.
F3: Each restricted stock unit represented a contingent right to receive one share of Corning Incorporated Common Stock. The 3,215 units were forfeited per terms of the March 31, 2015 Agreement approved by Compensation Committee.
F4: Earned Restricted Stock Units awarded March 28, 2013 remained restricted until December 1, 2015, when they vested and converted into GLW common stock per terms of the March 2013 Agreement approved by Compensation Committee.
F5: Earned Restricted Stock Units awarded March 31, 2014 remained restricted until December 1, 2015, when they vested and converted into GLW common stock per terms of the March 2014 Agreement approved by Compensation Committee.
F6: Earned Restricted Stock Units awarded March 31, 2015 remained restricted until December 1, 2015, when they vested and converted into GLW common stock per terms of the March 2015 Agreement approved by Compensation Committee.