SEC Form 4 · accession 0001127602-17-015078
CORNING INC /NY · GLW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christine M Pambianchi
Officer — Senior VP, Human Resources
Period of report
Apr 17, 2017
Accepted (ET)
Apr 19, 2017 · 4:26 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 | Apr 17, 2017 | M | 12,008 | $0.00 | A | 62,433 | D | |
| Common Stock - Held by SpouseF1,F2 | Apr 17, 2017 | M | 1,381 | $0.00 | A | 1,381 | I | Held by Spouse |
| Common Stock | Apr 17, 2017 | F | 5,788 | $26.54 | D | 56,645 | D | |
| Common Stock - Held by SpouseF2 | Apr 17, 2017 | F | 502 | $26.54 | D | 879 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F3 | — | Apr 17, 2017 | M | 12,008 | D | — | — | Common Stock | 12,008 | 0 | D |
| Restricted Stock UnitF1,F2,F3 | — | Apr 17, 2017 | M | 1,381 | D | — | — | Common Stock | 1,381 | 0 | I |
Explanation of responses
- F1Each restricted stock unit represented a contingent right to receive one share of Corning Incorporated Common Stock.
- F2The Reporting Person disclaims beneficial ownership of all securities held by spouse.
- F3Earned Restricted Stock Units awarded March 31, 2014 remained restricted until April 17, 2017, when they vested and converted into GLW common stock per terms of March 2014 Agreement approved by Compensation Committee.