CORNING INC /NY — Director's Dealing 2020

Jun 17, 2020

SEC Form 4/A — Form 4/A

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2020-05-15

Reporting Person: Morse David L (Exec. VP & Chief Tech. Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-15	Restricted Stock Unit	$	A	3185	Acquired		Common Stock (3185)	Direct
2020-05-15	Stock Options (Right to Buy)	$19.65	A	15925	Acquired	2030-05-15	Common Stock (15925)	Direct
2020-05-15	Restricted Stock Unit	$	A	15	Acquired		Common Stock (15)	Indirect
2020-05-15	Stock Options (Right to Buy)	$19.65	A	75	Acquired	2030-05-15	Common Stock (75)	Indirect
2020-05-15	Restricted Stock Unit	$	A	52	Acquired		Common Stock (52)	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Unit	$		Common Stock (19777)	19777	Direct
Restricted Stock Unit	$		Common Stock (16749)	16749	Direct
Restricted Stock Unit	$		Common Stock (37677)	37677	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 his/her base salary for the period of June 1, 2020 through December 31, 2020. The equity is comprised of restricted stock units (50%) and stock options (50%).

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 equity in lieu of 30% of his/her base salary for the period of June 1, 2020 through December 31, 2020. The equity is comprised of restricted stock units (50%) and stock options (50%). The number of options granted was determined by dividing the cash compensation by the Black-Scholes value of a single option calculated as of the date of grant.

F5: The options will vest ratably over three years from grant date.

F6: As part of a series of actions to preserve cash, the spouse of the reporting person is receiving equity in lieu of 5% of her base salary for the period of June 1, 2020 through December 31, 2020. The equity is comprised of restricted stock units (50%) and stock options (50%).

F7: The restricted stock units will vest ratably over three years from grant date. Vested shares will be delivered to the spouse of 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.

F8: The Reporting Person disclaims beneficial ownership of all securities held by spouse.

F9: As part of a series of actions to preserve cash, the spouse of the reporting person is receiving equity in lieu of 5% of her base salary for the period of June 1, 2020 through December 31, 2020. The equity is comprised of restricted stock units (50%) and stock options (50%). The number of options granted was determined by dividing the cash compensation by the Black-Scholes value of a single option calculated as of the date of grant.

F10: As part of a series of actions to preserve cash, the spouse of the reporting person is receiving restricted stock units in lieu of the 2020 management cash performance bonus plan (Performance Incentive Plan, or PIP).

F11: 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.

F12: 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.

F13: 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.