SEC Form 4 · accession 0001127602-16-060179
CORNING INC /NY · GLW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lisa Ferrero
Officer — Senior Vice President & CAO
Period of report
Aug 10, 2016
Accepted (ET)
Aug 12, 2016 · 4:02 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 Stock | Aug 10, 2016 | M | 15,000 | $21.89 | A | 24,963 | D | |
| Common Stock | Aug 10, 2016 | M | 7,500 | $18.85 | A | 32,463 | D | |
| Common Stock | Aug 10, 2016 | M | 7,500 | $20.86 | A | 39,963 | D | |
| Common StockF1 | Aug 10, 2016 | S | 30,000 | $22.8532 | D | 9,963 | D | |
| Common Stock - Held by SpouseF2 | Aug 10, 2016 | M | 9,000 | $21.89 | A | 9,000 | I | Held by Spouse |
| Common Stock - Held by SpouseF2 | Aug 10, 2016 | M | 4,500 | $18.85 | A | 13,500 | I | Held by Spouse |
| Common Stock - Held by SpouseF2 | Aug 10, 2016 | M | 4,500 | $20.86 | A | 18,000 | I | Held by Spouse |
| Common Stock - Held by SpouseF3,F2 | Aug 10, 2016 | S | 18,000 | $22.869 | D | 0 | I | Held by Spouse |
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) | $21.89 | Aug 10, 2016 | M | 15,000 | D | Dec 6, 2007 | Dec 5, 2016 | Common Stock | 15,000 | 0 | D |
| Stock Options (Right to Buy) | $18.85 | Aug 10, 2016 | M | 7,500 | D | Jan 2, 2009 | Jan 1, 2017 | Common Stock | 7,500 | 0 | D |
| Stock Options (Right to Buy) | $20.86 | Aug 10, 2016 | M | 7,500 | D | Feb 1, 2010 | Jan 31, 2017 | Common Stock | 7,500 | 0 | D |
| Stock Options (Right to Buy)F2 | $21.89 | Aug 10, 2016 | M | 9,000 | D | Dec 6, 2007 | Dec 5, 2016 | Common Stock | 9,000 | 0 | I |
| Stock Options (Right to Buy)F2 | $18.85 | Aug 10, 2016 | M | 4,500 | D | Jan 2, 2009 | Jan 1, 2017 | Common Stock | 4,500 | 0 | I |
| Stock Options (Right to Buy)F2 | $20.86 | Aug 10, 2016 | M | 4,500 | D | Feb 1, 2010 | Jan 31, 2017 | Common Stock | 4,500 | 0 | I |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.847 to $22.867, 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.
- F2The Reporting Person disclaims beneficial ownership of all securities held by spouse.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.867 to $22.877, 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.