Michael Alan Bell - 16 May 2022 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
16 May 2022
Net transactions value
-$124,417
Form type
4
Filing time
18 May 2022, 16:07:48 UTC
Previous filing
21 Apr 2022
Next filing
20 May 2022
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 $60,581 +3,083 $19.65 3,083 16 May 2022 Direct
transaction GLW Common Stock Sale $108,473 -3,083 -100% $35.18 0 16 May 2022 Direct F1
transaction GLW Common Stock Options Exercise $0 +4,275 $0.000000 4,275 16 May 2022 Direct
transaction GLW Common Stock Options Exercise $0 +616 +14% $0.000000 4,891 16 May 2022 Direct
transaction GLW Common Stock Tax liability $76,525 -2,174 -44% $35.20 2,717 16 May 2022 Direct
holding GLW Common Stock 672 16 May 2022 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 -3,083 -50% $0.000000 3,083 16 May 2022 Common Stock 3,083 $19.65 Direct F2
transaction GLW Restricted Stock Unit Options Exercise $0 -4,275 -50% $0.000000 4,275 16 May 2022 Common Stock 4,275 Direct F3, F4
transaction GLW Restricted Stock Unit Options Exercise $0 -616 -50% $0.000000 617 16 May 2022 Common Stock 616 Direct F3, F4
holding GLW Restricted Stock Unit 12,681 16 May 2022 Common Stock 12,681 Direct F3, F5
holding GLW Restricted Stock Unit 2,676 16 May 2022 Common Stock 2,676 Direct F3, F5
holding GLW Restricted Stock Unit 9,014 16 May 2022 Common Stock 9,014 Direct F3, F6
holding GLW Restricted Stock Unit 14,439 16 May 2022 Common Stock 14,439 Direct F3, F7
* 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 $34.66 to $35.465, 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 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.
F6 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.
F7 The Restricted Stock Units vest 100% on April 15, 2025. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2025.

Remarks:

The stock option exercise and sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.