CORNING INC /NY — Director's Dealing 2020

Jun 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2020-06-15

Reporting Person: STEVERSON LEWIS A (EVP and CLAO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-15	Restricted Stock Unit	$	A	88	Acquired		Common Stock (88)	Direct
2020-06-15	Restricted Stock Unit	$	A	1652	Acquired		Common Stock (1652)	Direct
2020-06-15	Restricted Stock Unit	$	A	5808	Acquired		Common Stock (5808)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Unit	$		Common Stock (12301)	12301	Direct
Restricted Stock Unit	$		Common Stock (14419)	14419	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.

F2: As part of a series of actions to preserve cash, the reporting person is receiving equity in lieu of 30% of the June 15, 2020 increase in base salary, for the period of June 15, 2020 through December 31, 2020.

F3: The restricted stock units will vest ratably over three years from grant date. Vested shares will be delivered to the reporting person within sixty (60) days after vesting. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting dates.

F4: As part of a series of actions to preserve cash, the reporting person is receiving restricted stock units in lieu of his June 15, 2020 increase in the 2020 management cash performance bonus plan (Performance Incentive Plan, or PIP).

F5: The Restricted Stock Units vest 100% on April 14, 2023. Vested shares will be delivered to the reporting person within thirty (30) days after April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 14, 2023.

F6: The Restricted Stock Units vest 100% on April 15, 2022. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2022. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2022.

F7: The Restricted Stock Units vest 100% on April 15, 2021. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2021. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2021.