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

Role: Senior VP & GM, Optical Comm.
Signature: Linda E. Jolly, Power of Attorney
Issuer symbol: GLW
Transactions as of: 17 May 2021
Net transactions value: -$171,806
Form type: 4
Filing time: 19 May 2021, 16:09:21 UTC
Next filing: 21 May 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GLW	Common Stock	Options Exercise	$60,601	+3,084	+63%	$19.65	7,976	17 May 2021	Direct
transaction	GLW	Common Stock	Sale	$135,763	-3,084	-39%	$44.02	4,892	17 May 2021	Direct	F1
transaction	GLW	Common Stock	Options Exercise	$0	+4,275		$0.000000	4,275	17 May 2021	Direct
transaction	GLW	Common Stock	Options Exercise	$0	+617	+14%	$0.000000	4,892	17 May 2021	Direct
transaction	GLW	Common Stock	Tax liability	$96,644	-2,187	-45%	$44.19	2,705	17 May 2021	Direct
holding	GLW	Common Stock						667	17 May 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	-3,084	-33%	$0.000000	6,166	17 May 2021	Common Stock	3,084	$19.65	Direct	F2
transaction	GLW	Restricted Stock Unit	Options Exercise	$0	-4,275	-33%	$0.000000	8,550	17 May 2021	Common Stock	4,275		Direct	F3, F4
transaction	GLW	Restricted Stock Unit	Options Exercise	$0	-617	-33%	$0.000000	1,233	17 May 2021	Common Stock	617		Direct	F3, F4
holding	GLW	Restricted Stock Unit						5,795	17 May 2021	Common Stock	5,795		Direct	F3, F5
holding	GLW	Restricted Stock Unit						12,681	17 May 2021	Common Stock	12,681		Direct	F3, F6
holding	GLW	Restricted Stock Unit						9,548	17 May 2021	Common Stock	9,548		Direct	F3, F7
holding	GLW	Restricted Stock Unit						2,676	17 May 2021	Common Stock	2,676		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.