SEC Form 4 · accession 0001127602-18-030718
CORNING INC /NY · GLW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lewis A Steverson
Officer — Senior Vice President
Period of report
Oct 18, 2018
Accepted (ET)
Oct 19, 2018 · 4:05 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 | Oct 18, 2018 | M | 837 | $0.00 | A | 13,414 | D | |
| Common StockF1 | Oct 18, 2018 | M | 647 | $0.00 | A | 14,061 | D | |
| Common Stock | Oct 18, 2018 | F | 1,484 | $31.17 | D | 12,577 | 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 | — | Oct 18, 2018 | M | 837 | D | — | — | Common Stock | 837 | 17,713 | D |
| Restricted Stock UnitF1,F3 | — | Oct 18, 2018 | M | 647 | D | — | — | Common Stock | 647 | 13,705 | D |
| Restricted Stock UnitF1,F4 | — | holding | — | — | — | — | — | Common Stock | 15,261 | 15,261 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
- F2Vesting to satisfy tax requirement pursuant to the March 2016 agreement.
- F3Vesting to satisfy tax requirement pursuant to the March 2017 agreement.
- F4The Restricted Stock Units vest 100% on April 15, 2021. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2021. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2021.