Michael Alan Bell - May 17, 2021 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Senior VP & GM, Optical Comm.
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
May 17, 2021
Transactions value $
-$171,806
Form type
4
Date filed
5/19/2021, 04:09 PM
Next filing
May 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $60.6K +3.08K +63.04% $19.65 7.98K May 17, 2021 Direct
transaction GLW Common Stock Sale -$136K -3.08K -38.67% $44.02 4.89K May 17, 2021 Direct F1
transaction GLW Common Stock Options Exercise $0 +4.28K $0.00 4.28K May 17, 2021 Direct
transaction GLW Common Stock Options Exercise $0 +617 +14.43% $0.00 4.89K May 17, 2021 Direct
transaction GLW Common Stock Tax liability -$96.6K -2.19K -44.71% $44.19 2.71K May 17, 2021 Direct
holding GLW Common Stock 667 May 17, 2021 Trustee u/Employee Benefit Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GLW Stock Options (Right to Buy) Options Exercise $0 -3.08K -33.34% $0.00 6.17K May 17, 2021 Common Stock 3.08K $19.65 Direct F2
transaction GLW Restricted Stock Unit Options Exercise $0 -4.28K -33.33% $0.00 8.55K May 17, 2021 Common Stock 4.28K Direct F3, F4
transaction GLW Restricted Stock Unit Options Exercise $0 -617 -33.35% $0.00 1.23K May 17, 2021 Common Stock 617 Direct F3, F4
holding GLW Restricted Stock Unit 5.8K May 17, 2021 Common Stock 5.8K Direct F3, F5
holding GLW Restricted Stock Unit 12.7K May 17, 2021 Common Stock 12.7K Direct F3, F6
holding GLW Restricted Stock Unit 9.55K May 17, 2021 Common Stock 9.55K Direct F3, F7
holding GLW Restricted Stock Unit 2.68K May 17, 2021 Common Stock 2.68K Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F4 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.
F5 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.
F6 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.
F7 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.