Statement of Changes in Beneficial Ownership (4)
September 03 2021 - 3:04PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Clappin James P |
2. Issuer Name and Ticker or Trading Symbol
CORNING INC /NY
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GLW
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Retired Vice Chair &Strat. Adv |
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(Last)
(First)
(Middle)
ONE RIVERFRONT PLAZA |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/1/2021 |
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(Street)
CORNING, NY 14831
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | 9/1/2021 | | M | | 13702 | A | $27.00 | 98766.24 | D | |
| Common Stock | 9/1/2021 | | S | | 13702 | D | $39.8784 (1) | 85064.24 | D | |
| Common Stock | 9/2/2021 | | M | | 21302 | A | $27.00 | 106366.24 | D | |
| Common Stock | 9/2/2021 | | M | | 39127 | A | $27.03 | 145493.24 | D | |
| Common Stock | 9/2/2021 | | M | | 6640 | A | $19.65 | 152133.24 | D | |
| Common Stock | 9/2/2021 | | S | | 67069 | D | $39.5127 (2) | 85064.24 | D | |
| Common Stock | | | | | | | | 1929.9675 | I | Trustee u/Employee Benefit Plan |
| Common Stock - Jt. Tenant W/wife | | | | | | | | 9797 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Stock Options (Right to Buy) | $27.00 | 9/1/2021 | | M | | | 13702 | 3/31/2020 | 3/31/2027 | Common Stock | 13702 | $0 | 21302 | D | |
| Stock Options (Right to Buy) | $27.00 | 9/2/2021 | | M | | | 21302 | 3/31/2020 | 3/31/2027 | Common Stock | 21302 | $0 | 0 | D | |
| Stock Options (Right to Buy) | $27.03 | 9/2/2021 | | M | | | 39127 | 4/2/2021 | 4/2/2028 | Common Stock | 39127 | $0 | 0 | D | |
| Stock Options (Right to Buy) | $19.65 | 9/2/2021 | | M | | | 6640 | (3) | 5/15/2030 | Common Stock | 6640 | $0 | 0 | D | |
| Explanation of Responses: |
| (1) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.75 to $39.98, 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. |
| (2) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.50 to $39.55, 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. |
| (3) | 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. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Clappin James P
ONE RIVERFRONT PLAZA
CORNING, NY 14831 |
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| Retired Vice Chair &Strat. Adv |
Signatures
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| Linda E. Jolly, Power of Attorney | | 9/3/2021 |
| **Signature of Reporting Person | Date |
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