SEC Form 4 · accession 0001127602-18-014833
CORNING INC /NY · GLW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James P Clappin
Officer — Exec. VP, Corning Glass Tech.
Period of report
Apr 16, 2018
Accepted (ET)
Apr 18, 2018 · 4:04 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 16, 2018 | M | 21,804 | $0.00 | A | 98,689 | D | |
| Common Stock | Apr 16, 2018 | F | 10,166 | $27.49 | D | 88,523 | 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 UnitF1,F2 | — | Apr 16, 2018 | M | 21,804 | D | — | — | Common Stock | 21,804 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represented a contingent right to receive one share of Corning Incorporated Common Stock.
- F2Earned Restricted Stock Units awarded March 31, 2015 remained restricted until April 16, 2018, when they vested and converted into GLW common stock per terms of March 2015 Agreement approved by Compensation Committee.