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) 06/28/2013 | ||||||||||||||||||||||||||
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 |
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) | 06/28/2013 | A | 2,547.43 | (2) | (2) | Common Stock | 2,547.43 | $14.23 | 5,529.43 | D | ||||
Phantom Stock | $0(3) | 06/28/2013 | A | 346.3(4) | (5) | (5) | Common Stock | 346.3 | $14.23 | 49,624.58 | D | ||||
Phantom Stock | $0(6) | 07/01/2013 | M | 49,624.58 | (7) | (7) | Common Stock | 49,624.58 | (6) | 0 | D | ||||
Restricted Stock Unit | (1) | 07/01/2013 | M | 49,624.58 | (2) | (2) | Common Stock | 49,624.58 | (1) | 55,154.01 | D |
Explanation of Responses: |
1. Each restricted stock unit represents a contingent right to receive one share of the company's common stock. |
2. Conversion of restricted stock units to the company's common stock and distribution of such stock under the Non-Employee Directors' Deferred Compensation Plan is deferred until six months following termination as a Corning director. |
3. The value of each phantom stock unit is the economic equivalent of the cash value of the company's common stock on a one-for-one basis. |
4. Phantom stock units acquired pursuant to dividend reinvestment feature of Non-Employee Directors' Deferred Compensation Plan for which no additional price was paid. |
5. On July 1, 2013, based on a one-time election by the reporting person, phantom stock units will convert to (i) restricted stock units, to be held in a deferred account until six months following termination as a Corning director, or (ii) cash, to be held in a deferred account until (x) a date specified by the reporting person, or (y) termination as a Corning director. |
6. Each phantom stock unit was the economic equivalent of one restricted stock unit. Based on a one-time election, the phantom stock units converted to restricted stock units, to be held in a deferred account until six months following termination as a Corning director. |
7. The reporting person settled the phantom stock units for restricted stock units on 7/1/13, to be held in a deferred account until six months following termination as a Corning director. |
Linda E. Jolly, Power of Attorney | 07/02/2013 | |
** 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. |