SEC Form 4 · accession 0001127602-15-007111
CORNING INC /NY · GLW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James P Clappin
Officer — President, Corning Glass Tech.
Period of report
Feb 17, 2015
Accepted (ET)
Feb 19, 2015 · 4:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000024741
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 17, 2015 | M | 29,026 | $0.00 | A | 63,689 | D | |
| Common Stock | Feb 17, 2015 | F | 10,049 | $24.60 | D | 53,640 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | — | Feb 17, 2015 | M | 29,026 | D | — | — | Common Stock | 29,026 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represented a contingent right to receive one share of Corning Incorporated Common Stock.
- F2Earned Restricted Stock Units awarded January 3, 2012 remained restricted until February 17, 2015, when they vested and converted into GLW common stock per terms of January 2012 Agreement approved by Compensation Committee.