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Filing Details

Accession Number:: 0001127602-22-014934
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-05-18 16:07:48
Reporting Period:: 2022-05-16

Accepted Time:: 2022-05-18 16:07:48
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2022-05-16	3,083	$19.65	3,083	No	4	M	Direct
Common Stock	Disposition	2022-05-16	3,083	$35.18	0	No	4	S	Direct
Common Stock	Acquisiton	2022-05-16	4,275	$0.00	4,275	No	4	M	Direct
Common Stock	Acquisiton	2022-05-16	616	$0.00	4,891	No	4	M	Direct
Common Stock	Disposition	2022-05-16	2,174	$35.20	2,717	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	M	Direct
No	4	F	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options (Right to Buy)	Disposition	2022-05-16	3,083	$0.00	3,083	$19.65
Common Stock	Restricted Stock Unit	Disposition	2022-05-16	4,275	$0.00	4,275	$0.00
Common Stock	Restricted Stock Unit	Disposition	2022-05-16	616	$0.00	616	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
3,083	2030-05-15	No	4	M	Direct
4,275		No	4	M	Direct
617		No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	672	Indirect	Trustee u/Employee Benefit Plan

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Unit	$0.00	12,681	12,681	Direct
Common Stock	Restricted Stock Unit	$0.00	2,676	2,676	Direct
Common Stock	Restricted Stock Unit	$0.00	9,014	9,014	Direct
Common Stock	Restricted Stock Unit	$0.00	14,439	14,439	Direct

Amount	Remaning Holdings	Nature of Ownership
12,681	12,681	Direct
2,676	2,676	Direct
9,014	9,014	Direct
14,439	14,439	Direct

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.66 to $35.465, 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 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.
The Restricted Stock Units vest 100% on April 15, 2025. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2025.