Li Fang - May 17, 2021 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Pres&GM, Corning Greater China
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
May 17, 2021
Transactions value $
-$200,402
Form type
4
Date filed
5/19/2021, 04:13 PM
Next filing
Dec 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +3.95K $0.00 3.95K May 17, 2021 Direct F1
transaction GLW Common Stock Disposed to Issuer -$175K -3.95K -100% $44.19 0 May 17, 2021 Direct
transaction GLW Common Stock Options Exercise $0 +582 $0.00 582 May 17, 2021 Direct F1
transaction GLW Common Stock Disposed to Issuer -$25.7K -582 -100% $44.19 0 May 17, 2021 Direct

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 Restricted Stock Unit Options Exercise $0 -3.95K -33.34% $0.00 7.9K May 17, 2021 Common Stock 3.95K Direct F1, F2
transaction GLW Restricted Stock Unit Options Exercise $0 -582 -33.35% $0.00 1.16K May 17, 2021 Common Stock 582 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units will be settled solely in cash ("cash-settled RSUs"). Each cash-settled RSU is the economic equivalent of one share of Corning Incorporated Common Stock.
F2 The cash-settled RSUs will vest ratably over three years from the May 15, 2020 grant date. Vested units will be settled 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.