Filing Details

Accession Number:
0001127602-22-014934
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-05-18 16:07:48
Reporting Period:
2022-05-16
Accepted Time:
2022-05-18 16:07:48
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
24741 Corning Inc GLW Drawing & Insulating Of Nonferrous Wire (3357) 160393470
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1826462 Alan Michael Bell One Riverfront Plaza
Corning NY 14831
Senior Vp & Gm, Optical Comm. No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2022-05-16 3,083 $19.65 3,083 No 4 M Direct
Common Stock Disposition 2022-05-16 3,083 $35.18 0 No 4 S Direct
Common Stock Acquisiton 2022-05-16 4,275 $0.00 4,275 No 4 M Direct
Common Stock Acquisiton 2022-05-16 616 $0.00 4,891 No 4 M Direct
Common Stock Disposition 2022-05-16 2,174 $35.20 2,717 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 M Direct
No 4 F Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Options (Right to Buy) Disposition 2022-05-16 3,083 $0.00 3,083 $19.65
Common Stock Restricted Stock Unit Disposition 2022-05-16 4,275 $0.00 4,275 $0.00
Common Stock Restricted Stock Unit Disposition 2022-05-16 616 $0.00 616 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
3,083 2030-05-15 No 4 M Direct
4,275 No 4 M Direct
617 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 672 Indirect Trustee u/Employee Benefit Plan
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Unit $0.00 12,681 12,681 Direct
Common Stock Restricted Stock Unit $0.00 2,676 2,676 Direct
Common Stock Restricted Stock Unit $0.00 9,014 9,014 Direct
Common Stock Restricted Stock Unit $0.00 14,439 14,439 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
12,681 12,681 Direct
2,676 2,676 Direct
9,014 9,014 Direct
14,439 14,439 Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.66 to $35.465, inclusive. The reporting person undertakes to provide to Corning Incorporated, any security holder of Corning Incorporated, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth previously in this footnote.
  2. 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.
  3. Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
  4. The restricted stock units will vest ratably over three years from the May 15, 2020 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.
  5. 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.
  6. 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.
  7. 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.