SEC Form 4 · accession 0001127602-15-007121
CORNING INC /NY · GLW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kirk P Gregg
Officer — Exec. VP & Chief Admin.Officer
Period of report
Feb 17, 2015
Accepted (ET)
Feb 19, 2015 · 4:04 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 | 36,569 | $0.00 | A | 182,998 | D | |
| Common Stock | Feb 17, 2015 | F | 18,000 | $24.60 | D | 164,998 | D | |
| Common Stock | Feb 18, 2015 | M | 32,300 | $12.90 | A | 197,298 | D | |
| Common StockF2 | Feb 18, 2015 | S | 50,869 | $24.6248 | D | 146,429 | 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,F3 | — | Feb 17, 2015 | M | 36,569 | D | — | — | Common Stock | 36,569 | 0 | D |
| Stock Options (Right to Buy) | $12.90 | Feb 18, 2015 | M | 32,300 | D | Feb 1, 2015 | Jan 31, 2022 | Common Stock | 32,300 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represented a contingent right to receive one share of Corning Incorporated Common Stock.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.5550 to $24.6650 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.
- F3Earned 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.