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CORNING INC /NY — Director's Dealing 2021
Feb 5, 2021
29942_dirs_2021-02-05_a7d1fa55-d5a9-4197-a28c-c0c5f0a0527a.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: 2021-02-03
Reporting Person: WEEKS WENDELL P (Director, Chairman and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-03 | Common Stock | M | 4284 | — | Acquired | 4284 | Direct |
| 2021-02-03 | Common Stock | F | 4284 | $36.34 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-03 | Performance Share Unit | $ | A | 113115 | Acquired | Common Stock (113115) | Direct | |
| 2021-02-03 | Performance Share Unit | $ | A | 124668 | Acquired | Common Stock (124668) | Direct | |
| 2021-02-03 | Performance Share Unit | $ | M | 4284 | Disposed | Common Stock (4284) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 726847 | Indirect |
| Common Stock | 6372.1524 | Indirect |
| Common Stock | 9200 | Indirect |
| Common Stock | 10502.0657 | Indirect |
Footnotes
F1: Each Performance Share Unit represents a contingent right to receive one share of GLW common stock.
F2: The Reporting Person disclaims beneficial ownership of all securities held by spouse.
F3: The Reporting Person disclaims beneficial ownership of all securities held by wife.
F4: Performance Share Units were earned February 3, 2021 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2020 pursuant to the May 2020 agreement. Earned units remain restricted until vesting. The earned units will vest ratably over 3 years from the grant date and convert to GLW common stock, subject to service-based vesting requirement.
F5: Performance Share Units were earned February 3, 2021 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2020 pursuant to the April 2020 agreement. Earned units remain restricted until April 14, 2023, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
F6: Vesting to satisfy tax requirement pursuant to the April 2020 agreement.