FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CORNING INC /NY [ GLW ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 05/02/2022 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 05/02/2022 | M | 959 | A | $35.96 | 9,368 | D | |||
Common Stock | 05/02/2022 | M | 8,862 | A | $35.96 | 18,230 | D | |||
Common Stock | 05/02/2022 | F | 5,015 | D | $35.96 | 13,215 | D | |||
Common Stock | 81,632 | I | By Trust |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) | 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: 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 | ||||||||
Restricted Stock Unit | (1) | 05/02/2022 | D | 1,134(2) | (3) | (3) | Common Stock | 1,134 | $0 | 959 | D | ||||
Restricted Stock Unit | (1) | 05/02/2022 | D | 14,027(4) | (5) | (5) | Common Stock | 14,027 | $0 | 7,013 | D | ||||
Performance Share Unit | (6) | 05/02/2022 | D | 10,474(7) | (8) | (8) | Common Stock | 10,474 | $0 | 8,862 | D | ||||
Restricted Stock Unit | (1) | 05/02/2022 | M | 959 | (9) | (9) | Common Stock | 959 | $0 | 0 | D | ||||
Performance Share Unit | (6) | 05/02/2022 | M | 8,862 | (10) | (10) | Common Stock | 8,862 | $0 | 0 | D | ||||
Performance Share Unit | (6) | (11) | (11) | Common Stock | 57,038 | 57,038 | D | ||||||||
Performance Share Unit | (6) | (12) | (12) | Common Stock | 13,210 | 13,210 | D | ||||||||
Restricted Stock Unit | (1) | (13) | (13) | Common Stock | 35,383 | 35,383 | D | ||||||||
Restricted Stock Unit | (1) | (14) | (14) | Common Stock | 16,516 | 16,516 | D |
Explanation of Responses: |
1. Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock. |
2. Represents the forfeiture of Restricted Stock Units awarded May 15, 2020, per terms of the May 2020 agreement approved by the Compensation Committee. |
3. Restricted Stock Units awarded May 15, 2020 were forfeited per terms of the May 2020 agreement approved by the Compensation Committee. |
4. Represents the forfeiture of Restricted Stock Units awarded April 1, 2022, per terms of the April 2022 agreement approved by the Compensation Committee. |
5. Restricted Stock Units awarded April 1, 2022 were forfeited per terms of the April 2022 agreement approved by the Compensation Committee. |
6. Each Performance Share Unit represents a contingent right to receive one share of Corning Incorporated Common Stock. |
7. Represents the forfeiture of Performance Share Units earned February 3, 2021, per terms of the May 15, 2020 agreement approved by the Compensation Committee. |
8. Performance Share Units earned February 3, 2021 were forfeited per terms of the May 15, 2020 agreement approved by the Compensation Committee. |
9. Earned Restricted Stock Units awarded May 15, 2020 remained restricted until May 2, 2022 when they vested and converted into Common Stock per terms of the May 2020 agreement approved by the Compensation Committee. |
10. Performance Share Units earned February 3, 2021 remained restricted until May 2, 2022 when they vested and converted into Common Stock per terms of the May 15, 2020 agreement approved by the Compensation Committee. |
11. Earned Performance Share Units remain restricted until February 2023, when they vest and convert to Common Stock per terms of the April 1, 2020 agreement approved by the Compensation Committee. |
12. Earned Performance Share Units remain restricted until February 2024, when they vest and convert to Common Stock per terms of the April 1, 2021 agreement approved by the Compensation Committee. |
13. Earned Restricted Stock Units remain restricted until November 1, 2022, when they vest and convert to Common Stock per terms of the April 1, 2020 agreement approved by the Compensation Committee. |
14. Earned Restricted Stock Units remain restricted until November 1, 2022, when they vest and convert to Common Stock per terms of the April 1, 2021 agreement approved by the Compensation Committee. |
Linda E. Jolly, Power of Attorney | 05/04/2022 | |
** 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 4 (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. |