Li Fang - 16 May 2022 Form 4 Insider Report for CORNING INC /NY (GLW)

Role: President & GM, International
Signature: Linda E. Jolly, Power of Attorney
Issuer symbol: GLW
Transactions as of: 16 May 2022
Net transactions value: -$159,562
Form type: 4
Filing time: 18 May 2022, 16:17:54 UTC
Previous filing: 15 Dec 2021
Next filing: 10 Feb 2023
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	$0	+581		$0.000000	581	16 May 2022	Direct	F1
transaction	GLW	Common Stock	Options Exercise	$0	+3,952	+680%	$0.000000	4,533	16 May 2022	Direct	F1
transaction	GLW	Common Stock	Disposed to Issuer	$159,562	-4,533	-100%	$35.20	0	16 May 2022	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	-581	-50%	$0.000000	582	16 May 2022	Common Stock	581		Direct	F1, F2
transaction	GLW	Restricted Stock Unit	Options Exercise	$0	-3,952	-50%	$0.000000	3,952	16 May 2022	Common Stock	3,952		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.