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CORNING INC /NY — Director's Dealing 2021
Apr 8, 2021
29942_dirs_2021-04-08_ca1b12dd-643b-46a1-bc28-c7c12e227d8e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CORNING INC /NY (NYSE: GLW)
CIK: 0000024741
Period of Report: 2021-04-08
Reporting Person: Samsung Display Co., Ltd. (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-04-08 | Common Stock | C | 115000000 | — | Acquired | 115000000 | Direct |
| 2021-04-08 | Common Stock | S | 35000000 | $43.49 | Disposed | 80000000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-04-08 | Series A Convertible Preferred Stock | $0 | C | 2300 | Disposed | Common Stock (115000000) | Direct |
Footnotes
F1: On April 8, 2021, the Reporting Person elected to convert 2,300 shares of Series A Convertible Preferred Stock (which is convertible into shares of the Issuer's common stock on a 1:50,000 basis) into 115,000,000 shares of the Issuer's common stock.
F2: On April 8, 2021, the Reporting Person sold 35,000,000 shares of common stock to the Issuer at a price of $1,522,150,000.
F3: The Series A Convertible Preferred Stock was convertible into shares of the Issuer's common stock at any time after January 15, 2021, at the holder's election, and has no expiration date.