Sec Form 3 Filing - Amin Jaymin @ CORNING INC /NY - 2022-06-01

Insider filing report for Changes in Beneficial Ownership
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FORM 3
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Amin Jaymin
2. Issuer Name and Ticker or Trading Symbol
CORNING INC /NY [ GLW]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP and Chief Tech. Officer
(Last) (First) (Middle)
ONE RIVERFRONT PLAZA
3. Date of Earliest Transaction (MM/DD/YY)
06/01/2022
(Street)
CORNING, NY14831
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 88,886( 1 ) D
Common Stock 2,339.8337( 2 ) I Trustee u/Employee Benefit Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Phantom Stock ( 3 ) ( 3 ) ( 3 ) Common Stock 111.3406 D
Performance Share Unit ( 5 ) ( 4 ) ( 4 ) Common Stock 14,461 D
Performance Share Unit ( 5 ) ( 6 ) ( 6 ) Common Stock 3,626 D
Restricted Stock Unit ( 8 ) ( 7 ) ( 7 ) Common Stock 9,027 D
Restricted Stock Unit ( 8 ) ( 9 ) ( 9 ) Common Stock 4,603 D
Restricted Stock Unit ( 8 ) ( 10 ) ( 10 ) Common Stock 6,601 D
Restricted Stock Unit ( 8 ) ( 10 ) ( 10 ) Common Stock 7,830 D
Restricted Stock Unit ( 8 ) ( 11 ) ( 11 ) Common Stock 2,979 D
Restricted Stock Unit ( 8 ) ( 11 ) ( 11 ) Common Stock 517 D
Stock Options (Right to Buy) $ 20.82 03/31/2017 03/31/2024 Common Stock 2,101 D
Stock Options (Right to Buy) $ 20.91 04/30/2017 04/30/2024 Common Stock 2,092 D
Stock Options (Right to Buy) $ 21.3 05/30/2017 05/30/2024 Common Stock 2,054 D
Stock Options (Right to Buy) $ 18.8 10/01/2017 10/01/2024 Common Stock 15,000 D
Stock Options (Right to Buy) $ 22.68 03/31/2018 03/31/2025 Common Stock 2,205 D
Stock Options (Right to Buy) $ 20.93 04/30/2018 04/30/2025 Common Stock 2,389 D
Stock Options (Right to Buy) $ 20.92 05/29/2018 05/29/2025 Common Stock 2,390 D
Stock Options (Right to Buy) $ 20.89 03/31/2019 03/31/2026 Common Stock 2,543 D
Stock Options (Right to Buy) $ 18.67 04/29/2019 04/29/2026 Common Stock 2,845 D
Stock Options (Right to Buy) $ 20.89 05/31/2019 05/31/2026 Common Stock 2,543 D
Stock Options (Right to Buy) $ 27 03/31/2020 03/31/2027 Common Stock 7,917 D
Stock Options (Right to Buy) $ 27.03 04/02/2021 04/02/2028 Common Stock 9,157 D
Stock Options (Right to Buy) $ 33.92 04/01/2022 04/01/2029 Common Stock 8,476 D
Stock Options (Right to Buy) $ 19.65 ( 12 ) 05/15/2030 Common Stock 7,750 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Amin Jaymin
ONE RIVERFRONT PLAZA
CORNING, NY14831
SVP and Chief Tech. Officer
Signatures
Linda E. Jolly, Power of Attorney 06/01/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes 80,000 shares granted under Corning's Incentive Stock Plan that are subject to the restrictions and terms contained in the agreement dated December 5, 2018.
( 2 )Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan.
( 3 )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.
( 4 )Performance Share Units were earned February 3, 2021 and February 2, 2022 per Compensation Committee decision that performance criteria were satisfied for fiscal years 2020 and 2021 pursuant to the 2020 agreement. Earned units remain restricted until April 14, 2023, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
( 5 )Each Performance Share Unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
( 6 )Performance Share Units were earned February 2, 2022 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2021 pursuant to the 2021 agreement. Earned units remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.
( 7 )The Restricted Stock Units vest 100% on April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 14, 2023.
( 8 )Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
( 9 )The Restricted Stock Units vest 100% on April 15, 2024. Events such as retirement, death, disability, and others specified in th e agreement may result in vesting prior to April 15, 2024.
( 10 )The Restricted Stock Units vest 100% on April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2025.
( 11 )The restricted stock units will vest on May 15, 2023. Events such as retirement, death, disability, and others specified in the May 2020 agreement may result in vesting prior to the vesting date.
( 12 )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.

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