FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 10/01/2003 |
3. Issuer Name and Ticker or Trading Symbol
CORNING INC /NY [ GLW ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 80,754.467 | D | |
Common Stock | 1,266(2) | I | Held by spouse |
Common Stock | 7,324.7176(2) | I | Held by Spouse - Employee Benefit Plan(1) |
Common Stock | 6,409.5817 | I | Employee Benefit Plan(1) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (Right to Buy) | (3) | 01/02/2013 | Common Stock | 83,333 | $3.8 | D | |
Stock Option (Right to Buy) | (4) | 12/03/2012 | Common Stock | 83,333 | $4.06 | D | |
Stock Option (Right to Buy) | (5) | 02/02/2013 | Common Stock | 83,334 | $4.15 | D | |
Stock Option (Right to Buy) | (6) | 01/31/2012 | Common Stock | 137,081 | $7.74 | D | |
Stock Option (Right to Buy) | (7) | 12/05/2005 | Common Stock | 32,340 | $8.7 | D | |
Stock Option (Right to Buy) | (8) | 10/05/2008 | Common Stock | 46,338 | $9.38 | D | |
Stock Option (Right to Buy) | (9) | 12/04/2011 | Common Stock | 139,945 | $9.95 | D | |
Stock Option (Right to Buy) | (7) | 02/04/2007 | Common Stock | 9,000 | $11.77 | D | |
Stock Option (Right to Buy) | (10) | 08/14/2006 | Common Stock | 179,500 | $15.28 | D | |
Stock Option (Right to Buy) | 02/01/2003 | 01/31/2012 | Common Stock | 36,563 | $7.74 | D | |
Stock Option (Right to Buy) | (11) | 05/14/2006 | Common Stock | 179,500 | $21.15 | D | |
Stock Option (Right to Buy) | (12) | 11/30/2009 | Common Stock | 29,859 | $31.83 | D | |
Stock Option (Right to Buy) | (13) | 12/21/2010 | Common Stock | 300,000 | $54.63 | D | |
Stock Option (Right to Buy) | (14) | 12/05/2010 | Common Stock | 83,587 | $70.75 | D | |
Stock Option (Right to Buy) | (15) | 06/05/2010 | Common Stock | 300,000 | $72.11 | D | |
Stock Option (Right to Buy) | 09/01/2001 | 04/27/2004 | Common Stock | 21 | $111 | D | |
Stock Option (Right to Buy) | 09/01/2001 | 02/04/2007 | Common Stock | 1,593 | $111 | D | |
Stock Option (Right to Buy) | 07/02/2003 | 07/01/2011 | Common Stock | 532(2) | $16.66 | I | Held by Spouse |
Stock Option (Right to Buy) | 02/01/2001 | 10/05/2008 | Common Stock | 10,662 | $9.38 | D | |
Stock Option (Right to Buy) | 02/01/2002 | 11/30/2009 | Common Stock | 3,141 | $31.83 | D | |
Stock Option (Right to Buy) | 12/06/2003 | 12/05/2010 | Common Stock | 1,413 | $70.75 | D | |
Stock Option (Right to Buy) | (16) | 12/04/2011 | Common Stock | 10,055 | $9.95 | D | |
Stock Option (Right to Buy) | 02/01/2005 | 01/31/2012 | Common Stock | 12,919 | $7.74 | D | |
Phantom Stock | (17) | (17) | Common Stock | 3,448.81 | (17) | D |
Explanation of Responses: |
1. The Securities reported were acquired on a periodic basis by the Trustee of the Corning Investment Plan, a broad-based, tax-qualified employee benefit plan. The information was obtained from the Plan Administrator as of 9/30/03. The shares have been accumulated by the trustee monthly over the employment of the reporting person and the number is based upon the aggregate contributions to the reporting person's account divided by the then current market price. |
2. The reporting person disclaims beneficial ownership of all securities held by spouse. |
3. Option vests in 3 equal annual installments beginning on 1/3/04. |
4. Option vests in 3 equal annual installments beginning on 12/4/03. |
5. Option vests in 3 equal annual installments beginning on 2/3/04. |
6. Option became exercisable as to 50,000 shares on 2/1/03, as to 24,999 shares on 8/1/03, and becomes exercisable as to 25,000 shares on 2/1/04, as to 25,000 shares on 8/1/04 and as to 12,082 shares on 2/1/05. |
7. Option vested in 2 equal annual installments beginning on 2/1/99. |
8. Option became exercisable as to 28,500 shares on 2/1/00 and as to 17,838 shares on 2/1/01. |
9. Option became exercisable as to 50,000 shares on 12/5/02 and as to 24,994 shares on 6/5/03, and becomes exercisable as to 25,000 shares on 12/5/03, as to 14,950 shares on 6/5/04 and as to 25,001 shares on 12/5/04. |
10. Option vested in 2 equal annual installments beginning on 8/15/02. |
11. Option vested in 2 equal annual installments beginning on 5/15/02. |
12. Option became exercisable as to 16,500 shares on 2/1/01 and as to 13,359 shares on 2/1/02. |
13. Option vests in 3 equal annual installments beginning on 12/22/01. |
14. Option became exercisable as to 28,333 shares on 12/6/01, as to 28,333 shares on 12/6/02, and becomes exercisable as to the remaining 26,921 shares on 12/6/03. |
15. Option vests in 3 equal annual installments beginning on 6/6/03. |
16. Option became exercisable as to 5 shares on 6/5/03, and becomes exercisable as to 10,050 shares on 6/5/04. |
17. The reported Phantom Stock Units are acquired on a monthly basis pursuant to the terms of Corning's Supplemental Investment Plan [a 401(k) Excess Benefit Plan] and will be settled for cash at fair market value on or after the reporting person's retirement or other termination of service. |
Remarks: |
Denise A. Hauselt, by Power of Attorney | 10/10/2003 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |