James P. Clappin - 31 Jul 2021 Form 4 Insider Report for CORNING INC /NY (GLW)

Role: Retired Vice Chair &Strat. Adv
Signature: Linda E. Jolly, Power of Attorney
Issuer symbol: GLW
Transactions as of: 31 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 03 Aug 2021, 16:08:15 UTC
Previous filing: 19 May 2021
Next filing: 03 Sep 2021
SEC: View on sec.gov

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	Disposed to Issuer	$0	-2,087	-92%	$0.000000	189	31 Jul 2021	Common Stock	2,087		Direct	F1, F2, F3
transaction	GLW	Restricted Stock Unit	Disposed to Issuer	$0	-7,246	-42%	$0.000000	10,144	31 Jul 2021	Common Stock	7,246		Direct	F1, F4, F5
transaction	GLW	Performance Share Unit	Disposed to Issuer	$0	-19,267	-92%	$0.000000	1,751	31 Jul 2021	Common Stock	19,267		Direct	F6, F7, F8
holding	GLW	Performance Share Unit						30,867	31 Jul 2021	Common Stock	30,867		Direct	F6, F9
holding	GLW	Restricted Stock Unit						17,460	31 Jul 2021	Common Stock	17,460		Direct	F1, F10
holding	GLW	Restricted Stock Unit						37,662	31 Jul 2021	Common Stock	37,662		Direct	F1, F11

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F2	Represents the forfeiture of Restricted Stock Units awarded May 15, 2020, per terms of the May 2020 agreement approved by the Compensation Committee.
F3	Restricted Stock Units awarded May 15, 2020 were forfeited on July 31, 2021, per terms of the May 2020 agreement approved by the Compensation Committee.
F4	Represents the forfeiture of Restricted Stock Units awarded April 1, 2021, per terms of the April 2021 agreement approved by the Compensation Committee.
F5	Restricted Stock Units awarded April 1, 2021 were forfeited on July 31, 2021, per terms of the April 2021 agreement approved by the Compensation Committee.
F6	Each Performance Share Unit represents a contingent right to receive one share of GLW common stock.
F7	Represents the forfeiture of Performance Share Units earned February 3, 2021, per terms of the May 15, 2020 agreement approved by the Compensation Committee.
F8	Performance Share Units earned February 3, 2021 were forfeited on July 31, 2021, per the terms of the May 15, 2020 agreement approved by the Compensation Committee.
F9	Performance Share Units were earned February 3, 2021 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2020 pursuant to the April 2020 agreement. Earned units remain restricted until April 14, 2023, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
F10	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.
F11	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.