Filing Details
- Accession Number:
- 0001127602-21-017374
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-05-19 16:09:21
- Reporting Period:
- 2021-05-17
- Accepted Time:
- 2021-05-19 16:09:21
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 24741 | Corning Inc | GLW | Drawing & Insulating Of Nonferrous Wire (3357) | 160393470 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1826462 | Alan Michael Bell | One Riverfront Plaza Corning NY 14831 | Senior Vp & Gm, Optical Comm. | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2021-05-17 | 3,084 | $19.65 | 7,976 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-05-17 | 3,084 | $44.02 | 4,892 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2021-05-17 | 4,275 | $0.00 | 4,275 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2021-05-17 | 617 | $0.00 | 4,892 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-05-17 | 2,187 | $44.19 | 2,705 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Options (Right to Buy) | Disposition | 2021-05-17 | 3,084 | $0.00 | 3,084 | $19.65 |
| Common Stock | Restricted Stock Unit | Disposition | 2021-05-17 | 4,275 | $0.00 | 4,275 | $0.00 |
| Common Stock | Restricted Stock Unit | Disposition | 2021-05-17 | 617 | $0.00 | 617 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 6,166 | 2030-05-15 | No | 4 | M | Direct | |
| 8,550 | No | 4 | M | Direct | ||
| 1,233 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 667 | Indirect | Trustee u/Employee Benefit Plan |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Unit | $0.00 | 5,795 | 5,795 | Direct | ||
| Common Stock | Restricted Stock Unit | $0.00 | 12,681 | 12,681 | Direct | ||
| Common Stock | Restricted Stock Unit | $0.00 | 9,548 | 9,548 | Direct | ||
| Common Stock | Restricted Stock Unit | $0.00 | 2,676 | 2,676 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 5,795 | 5,795 | Direct | |
| 12,681 | 12,681 | Direct | |
| 9,548 | 9,548 | Direct | |
| 2,676 | 2,676 | Direct |
Footnotes
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.635 to $44.27, 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.
- On December 2, 2020, the Compensation Committee approved the early vesting of one half of the stock options granted on May 15, 2020. The remaining stock options will vest ratably over three years from the grand date.
- Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
- The restricted stock units will vest ratably over three years from the May 15, 2020 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.
- 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.
- 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.
- The Restricted Stock Units vest 100% on April 15, 2024. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2024.
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