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CORNING INC /NY — Director's Dealing 2015
Feb 19, 2015
29942_dirs_2015-02-19_2a9d7b6f-fcb2-44ef-9a21-48707ab1f645.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: 2015-02-17
Reporting Person: WEEKS WENDELL P (Director, Chairman, CEO & President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-02-17 | Common Stock | M | 127989 | — | Acquired | 127989 | Direct |
| 2015-02-17 | Common Stock | F | 62997 | $24.60 | Disposed | 64992 | Direct |
| 2015-02-18 | Common Stock | S | 64992 | $24.4873 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-02-17 | Restricted Stock Unit | $ | M | 127989 | Disposed | Common Stock (127989) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 704169 | Indirect |
Footnotes
F1: Each restricted stock unit represented a contingent right to receive one share of Corning Incorporated Common Stock.
F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.4650 to $24.5200, inclusive. The reporting person undertakes to provide to Corning Incorporated, any security holder of Corning Incorporated, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth previously in this footnote.
F3: Earned Restricted Stock Units awarded January 3, 2012 remained restricted until February 17, 2015, when they vested and converted into GLW common stock per terms of January 2012 Agreement approved by Compensation Committee.