Sec Form 4 Filing - Tripeny R Tony @ CORNING INC /NY - 2022-05-02

Insider filing report for Changes in Beneficial Ownership
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FORM 4
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
Tripeny R Tony
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
_____ Officer (give title below) X __ Other (specify below)
Retired Exec. Vice President
(Last) (First) (Middle)
ONE RIVERFRONT PLAZA
3. Date of Earliest Transaction (MM/DD/YY)
05/02/2022
(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 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)
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
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Tripeny R Tony
ONE RIVERFRONT PLAZA
CORNING, NY14831
Retired Exec. Vice President
Signatures
Linda E. Jolly, Power of Attorney 05/04/2022
Signature of Reporting Person Date
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.

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