SEC Form 4 · accession 0001127602-16-048133
CORNING INC /NY · GLW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clark S Kinlin
Officer — Executive Vice President
Period of report
Mar 31, 2016
Accepted (ET)
Apr 1, 2016 · 4:13 pm EDT
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 | holding | — | — | — | 52,068 | 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 UnitF2,F3 | — | Mar 31, 2016 | A | 22,140 | A | — | — | Common Stock | 22,140 | 22,140 | D |
| Stock Options (Right to Buy)F4 | $20.89 | Mar 31, 2016 | A | 11,070 | A | Mar 31, 2019 | Mar 31, 2026 | Common Stock | 11,070 | 11,070 | D |
Explanation of responses
- F1Mr. Kinlin received cash for a fractional share (.012 share) in connection with the closing of a personal account.
- 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 15, 2019. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2019. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2019.
- F4The options will vest 100% at the end of three years from grant date.