| 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) 05/01/2014 |
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 | |||
|---|---|---|---|
| 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 | 50,000 | D | |
| Common Stock | 2,722.8293 | I | Trustee u/Employee Benefit Plan |
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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 | ||||
| Phantom Stock | (1) | (1) | Common Stock | 290.5892 | (1) | D | |
| Restricted Stock Unit | (2) | (2) | Common Stock | 17,255 | (3) | D | |
| Restricted Stock Unit | (4) | (4) | Common Stock | 16,879 | (3) | D | |
| Restricted Stock Unit | (5) | (5) | Common Stock | 12,008 | (3) | D | |
| Stock Options (Right to Buy) | 12/07/2006 | 12/06/2015 | Common Stock | 16,000 | $21.08 | D | |
| Stock Options (Right to Buy) | 12/06/2007 | 12/05/2016 | Common Stock | 13,500 | $21.89 | D | |
| Stock Options (Right to Buy) | 01/02/2008 | 01/01/2016 | Common Stock | 8,000 | $19.68 | D | |
| Stock Options (Right to Buy) | 12/05/2008 | 12/04/2017 | Common Stock | 16,500 | $24.92 | D | |
| Stock Options (Right to Buy) | 01/02/2009 | 01/01/2017 | Common Stock | 6,750 | $18.85 | D | |
| Stock Options (Right to Buy) | 02/01/2009 | 01/31/2016 | Common Stock | 8,000 | $24.72 | D | |
| Stock Options (Right to Buy) | 01/02/2010 | 01/01/2018 | Common Stock | 8,250 | $23.37 | D | |
| Stock Options (Right to Buy) | 02/01/2010 | 01/31/2017 | Common Stock | 6,750 | $20.86 | D | |
| Stock Options (Right to Buy) | 12/02/2010(6) | 12/01/2019 | Common Stock | 8,333 | $17.82 | D | |
| Stock Options (Right to Buy) | 01/04/2011(7) | 01/03/2020 | Common Stock | 8,333 | $19.56 | D | |
| Stock Options (Right to Buy) | 02/01/2011 | 01/31/2018 | Common Stock | 8,250 | $24.61 | D | |
| Stock Options (Right to Buy) | 02/01/2011(8) | 01/31/2020 | Common Stock | 8,334 | $18.16 | D | |
| Stock Options (Right to Buy) | 01/03/2012(9) | 01/02/2021 | Common Stock | 7,720 | $19.19 | D | |
| Stock Options (Right to Buy) | 02/01/2012(10) | 01/31/2021 | Common Stock | 6,529 | $22.69 | D | |
| Stock Options (Right to Buy) | 03/01/2012(11) | 02/28/2021 | Common Stock | 6,725 | $22.03 | D | |
| Stock Options (Right to Buy) | 01/03/2015 | 01/02/2022 | Common Stock | 14,379 | $13.04 | D | |
| Stock Options (Right to Buy) | 02/01/2015 | 01/31/2022 | Common Stock | 14,535 | $12.9 | D | |
| Stock Options (Right to Buy) | 03/01/2015 | 02/28/2022 | Common Stock | 14,456 | $12.97 | D | |
| Stock Options (Right to Buy) | 03/28/2016 | 03/27/2023 | Common Stock | 16,075 | $13.33 | D | |
| Stock Options (Right to Buy) | 04/30/2016 | 04/29/2023 | Common Stock | 14,778 | $14.5 | D | |
| Stock Options (Right to Buy) | 05/31/2016 | 05/30/2023 | Common Stock | 13,942 | $15.37 | D | |
| Stock Options (Right to Buy) | 03/31/2017 | 03/30/2024 | Common Stock | 6,004 | $20.82 | D | |
| Stock Options (Right to Buy) | 04/30/2017 | 04/29/2024 | Common Stock | 5,978 | $20.91 | D | |
| Explanation of Responses: |
| 1. The reported Phantom Stock Units acquired pursuant to the terms of Corning's Supplemental Investment Plan and will be settled for cash at fair market value on or after the reporting person's retirement or other termination of service. |
| 2. The Restricted Stock Units vest 100% on February 16, 2015. Vested shares will be delivered to the reporting person within sixty (60) days after February 16, 2015. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to February 16, 2015. |
| 3. Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock. |
| 4. The Restricted Stock Units vest 100% on April 18, 2016. Vested shares will be delivered to the reporting person within thirty (30) days after April 18, 2016. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 18, 2016. |
| 5. The Restricted Stock Units vest 100% on April 17, 2017. Vested shares will be delivered to the reporting person within thirty (30) days after April 17, 2017. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 17, 2017. |
| 6. The options vest in three equal annual installments beginning on December 2, 2010. |
| 7. The options vest in three equal annual installments beginning on January 4, 2011. |
| 8. The options vest in three equal annual installments beginning on February 1, 2011. |
| 9. The options vest in three equal annual installments beginning on January 3, 2012. |
| 10. The options vest in three equal annual installments beginning on February 1, 2012. |
| 11. The options vest in three equal annual installments beginning on March 1, 2012. |
| Linda E. Jolly, Power of Attorney | 05/09/2014 | |
| ** 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. | ||