SEC Form 4 · accession 0001127602-15-013597
CORNING INC /NY · GLW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wendell P Weeks
Officer — Chairman, CEO & President · Director
Period of report
Mar 31, 2015
Accepted (ET)
Apr 2, 2015 · 4:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000024741
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F1 | $22.68 | Mar 31, 2015 | A | 44,092 | A | Mar 31, 2018 | Mar 31, 2025 | Common Stock | 44,092 | 44,092 | D |
| Restricted Stock UnitF2,F3 | — | Mar 31, 2015 | A | 88,183 | A | — | — | Common Stock | 88,183 | 88,183 | D |
Explanation of responses
- F1The options will vest 100% at the end of three years from grant date.
- F2Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
- F3The Restricted Stock Units vest 100% on April 16, 2018. Vested shares will be delivered to the reporting person within thirty (30) days after April 16, 2018. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 16, 2018.