Sec Form 4 Filing - WEEKS WENDELL P @ CORNING INC /NY - 2022-05-16

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
WEEKS WENDELL P
2. Issuer Name and Ticker or Trading Symbol
CORNING INC /NY [ GLW]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman and CEO
(Last) (First) (Middle)
ONE RIVERFRONT PLAZA
3. Date of Earliest Transaction (MM/DD/YY)
05/16/2022
(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 05/16/2022 M 37,705 A $ 0 73,128 D
Common Stock 05/16/2022 M 2,901 A $ 0 76,029 D
Common Stock 05/16/2022 F 20,730 D $ 35.2 55,299 D
Common Stock 627,802 I By Trust
Common Stock 6,416.8032 I Held By Wife - Emp. Ben. Plan( 1 )
Common Stock 9,200 I Held By Wife - In Trust( 1 )
Common Stock 10,576.3997 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 Sec urity
(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
Performance Share Unit ( 2 ) 05/16/2022 M 37,705 ( 3 ) ( 3 ) Common Stock 37,705 $ 0 37,705 D
Restricted Stock Unit ( 4 ) 05/16/2022 M 2,901 ( 5 ) ( 5 ) Common Stock 2,901 $ 0 2,902 D
Restricted Stock Unit ( 4 ) ( 6 ) ( 6 ) Common Stock 147,612 147,612 D
Performance Share Unit ( 2 ) ( 7 ) ( 7 ) Common Stock 236,648 236,648 D
Restricted Stock Unit ( 4 ) ( 8 ) ( 8 ) Common Stock 76,375 76,375 D
Performance Share Unit ( 2 ) ( 9 ) ( 9 ) Common Stock 60,350 60,350 D
Restricted Stock Unit ( 4 ) ( 10 ) ( 10 ) Common Stock 104,373 104,373 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
WEEKS WENDELL P
ONE RIVERFRONT PLAZA
CORNING, NY14831
X Chairman and CEO
Signatures
Linda E. Jolly, Power of Attorney 05/18/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The Reporting Person disclaims beneficial ownership of all securities held by spouse.
( 2 )Each Performance Share Unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
( 3 )Performance Share Units were earned February 3, 2021 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2020 pursuant to the 2020 agreement. Earned units remain restricted until vesting. The earned units will vest ratably over 3 years from the grant date and convert to GLW common stock, subject to service-based vesting requirement.
( 4 )Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
( 5 )The restricted stock units will vest ratably over three years from grant date. Vested shares will be delivered to the reporting person within sixty (60) days after vesting. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting dates.
( 6 )The Restricted Stock Units vest 100% on April 14, 2023. Vested shares will be delivered to the reporting person within thirty (30) days after April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 14, 2023.
( 7 )Earned performance share units remain restricted until April 14, 2023, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
( 8 )The Restricted Stock Units vest 100% on April 15, 2024. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2024.
( 9 )Earned performance share units remain restricted until April 15, 2024, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
( 10 )The Restricted Stock Units vest 100% on April 15, 2025. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2025.

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