Form Type: 4

SEC EDGAR Link
Accession Number:0001127602-21-017381
Date:2021-05-17
Issuer: CORNING INC /NY (GLW)
Original Submission Date:

Reporting Person:

MCRAE LAWRENCE D
ONE RIVERFRONT PLAZA
CORNING, NY 14831

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2021-05-17 M 1,214 a $0.00 167,331 direct
COMMON STOCK 2021-05-17 M 11,911 a $0.00 179,242 direct
COMMON STOCK 2021-05-17 F 6,428 d $44.19 172,814 direct
COMMON STOCK 2021-05-17 0 $0.00 756 indirect f1
COMMON STOCK 2021-05-17 0 $0.00 5,628 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNIT 0.0 2021-05-17 deemed execution date M 1,214 (d) common stock 1,214 $0.00 2,426 direct
PERFORMANCE SHARE UNIT 0.0 2021-05-17 deemed execution date M 11,911 (d) common stock 11,911 $0.00 23,820 direct
PERFORMANCE SHARE UNIT 0.0 deemed execution date 0 ( ) common stock 31,485 $0.00 31,485 direct
RESTRICTED STOCK UNIT 0.0 deemed execution date 0 ( ) common stock 17,816 $0.00 17,816 direct
RESTRICTED STOCK UNIT 0.0 deemed execution date 0 ( ) common stock 38,423 $0.00 38,423 direct
RESTRICTED STOCK UNIT 0.0 deemed execution date 0 ( ) common stock 17,731 $0.00 17,731 direct
Footnotes
IDfootnote
f1 the reporting person disclaims beneficial ownership of all securities held by spouse.
f2 each restricted stock unit represents a contingent right to receive one share of corning incorporated common stock.
f3 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.
f4 each performance share unit represents a contingent right to receive one share of glw common stock.
f5 performance share units were earned february 3, 2021 per compensation committee decision that performance criteria were satisfied for fiscal year 2020 pursuant to the may 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.
f6 performance share units were earned february 3, 2021 per compensation committee decision that performance criteria were satisfied for fiscal year 2020 pursuant to the april 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.
f7 the restricted stock units vest 100% on april 15, 2022. vested shares will be delivered to the reporting person within thirty (30) days after april 15, 2022. events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to april 15, 2022.
f8 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.
f9 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.
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