SEC Form 4 · accession 0001127602-18-035082
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
Nov 30, 2018
Accepted (ET)
Dec 4, 2018 · 4:11 pm EST
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 | Nov 30, 2018 | M | 14,361 | $0.00 | A | 36,294 | D | |
| Common StockF1 | Nov 30, 2018 | M | 11,111 | $0.00 | A | 47,405 | D | |
| Common StockF1 | Nov 30, 2018 | M | 11,022 | $0.00 | A | 58,427 | D | |
| Common Stock | Nov 30, 2018 | F | 17,873 | $32.22 | D | 40,554 | 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 | — | Nov 30, 2018 | M | 14,361 | D | — | — | Common Stock | 14,361 | 0 | D |
| Restricted Stock UnitF1,F3 | — | Nov 30, 2018 | M | 11,111 | D | — | — | Common Stock | 11,111 | 0 | D |
| Restricted Stock UnitF1,F4 | — | Nov 30, 2018 | M | 11,022 | D | — | — | Common Stock | 11,022 | 1,002 | D |
| Restricted Stock UnitF5,F1,F6,F7 | — | Nov 30, 2018 | D | 1,002 | D | — | — | Common Stock | 1,002 | 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, 2016 remained restricted until November 30, 2018, when they vested and converted into GLW common stock per terms of March 2016 Agreement approved by Compensation Committee.
- F3Earned Restricted Stock Units awarded March 31, 2017 remained restricted until November 30, 2018, when they vested and converted into GLW common stock per terms of March 2017 Agreement approved by Compensation Committee.
- F4Earned Restricted Stock Units awarded April 2, 2018 remained restricted until November 30, 2018, when they vested and converted into GLW common stock per terms of April 2018 Agreement approved by Compensation Committee.
- F5Represents the forfeiture of Restricted Stock Units awarded April 2, 2018, per terms of the April 2018 Agreement approved by Compensation Committee.
- F6Restricted Stock Units awarded April 2, 2018 were forfeited on November 30, 2018 per terms of April 2018 Agreement approved by Compensation Committee.
- F7Not applicable.