SEC Form 4 · accession 0001127602-16-048136
CORNING INC /NY · GLW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence D McRae
Officer — Vice Chairman & Corp. Dev. Off
Period of report
Mar 31, 2016
Accepted (ET)
Apr 1, 2016 · 4:14 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | — | Mar 31, 2016 | A | 26,927 | A | — | — | Common Stock | 26,927 | 26,927 | D |
| Stock Options (Right to Buy)F3 | $20.89 | Mar 31, 2016 | A | 13,463 | A | Mar 31, 2019 | Mar 31, 2026 | Common Stock | 13,463 | 13,463 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
- F2The 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.
- F3The options will vest 100% at the end of three years from grant date.