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

Role: Retired Vice Chair &Strat. Adv
Signature: Linda E. Jolly, Power of Attorney
Stock symbol: GLW
Transactions as of: Jul 31, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/3/2021, 04:08 PM
Previous filing: May 19, 2021
Next filing: Sep 3, 2021

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	-2.09K	-91.7%	$0.00	189	Jul 31, 2021	Common Stock	2.09K		Direct	F1, F2, F3
transaction	GLW	Restricted Stock Unit	Disposed to Issuer	$0	-7.25K	-41.67%	$0.00	10.1K	Jul 31, 2021	Common Stock	7.25K		Direct	F1, F4, F5
transaction	GLW	Performance Share Unit	Disposed to Issuer	$0	-19.3K	-91.67%	$0.00	1.75K	Jul 31, 2021	Common Stock	19.3K		Direct	F6, F7, F8
holding	GLW	Performance Share Unit						30.9K	Jul 31, 2021	Common Stock	30.9K		Direct	F6, F9
holding	GLW	Restricted Stock Unit						17.5K	Jul 31, 2021	Common Stock	17.5K		Direct	F1, F10
holding	GLW	Restricted Stock Unit						37.7K	Jul 31, 2021	Common Stock	37.7K		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.