Initial Statement of Beneficial Ownership (3)
October 09 2020 - 4:08PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Fang Li |
2. Date of Event Requiring Statement (MM/DD/YYYY)
10/7/2020
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3. Issuer Name and Ticker or Trading Symbol
CORNING INC /NY [GLW]
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(Last)
(First)
(Middle)
ONE RIVERFRONT PLAZA |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) Pres.&GM Corning Greater China / |
(Street)
CORNING, NY 14831
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Unit | (1) | (1) | Common Stock | 11857 | (2) | D | |
Restricted Stock Unit | (1) | (1) | Common Stock | 1745 | (2) | D | |
Stock Appreciation Rights (SAR) | (3) | 5/15/2030 | Common Stock | 8725 | $19.65 (4) | D | |
Stock Options (Right to Buy) | (5) | 1/3/2021 | Common Stock | 1255 | $19.19 | D | |
Stock Options (Right to Buy) | (6) | 2/1/2021 | Common Stock | 1061 | $22.69 | D | |
Stock Options (Right to Buy) | (7) | 3/1/2021 | Common Stock | 1093 | $22.03 | D | |
Stock Options (Right to Buy) | 1/3/2015 | 1/3/2022 | Common Stock | 5592 | $13.04 | D | |
Stock Options (Right to Buy) | 2/1/2015 | 2/1/2022 | Common Stock | 5652 | $12.90 | D | |
Stock Options (Right to Buy) | 3/1/2015 | 3/1/2022 | Common Stock | 5622 | $12.97 | D | |
Stock Options (Right to Buy) | 3/28/2016 | 3/28/2023 | Common Stock | 7145 | $13.33 | D | |
Stock Options (Right to Buy) | 4/30/2016 | 4/30/2023 | Common Stock | 6568 | $14.50 | D | |
Stock Options (Right to Buy) | 5/31/2016 | 5/31/2023 | Common Stock | 6196 | $15.37 | D | |
Stock Options (Right to Buy) | 3/31/2017 | 3/31/2024 | Common Stock | 2852 | $20.82 | D | |
Stock Options (Right to Buy) | 4/30/2017 | 4/30/2024 | Common Stock | 2840 | $20.91 | D | |
Stock Options (Right to Buy) | 5/30/2017 | 5/30/2024 | Common Stock | 2788 | $21.30 | D | |
Stock Options (Right to Buy) | 3/31/2018 | 3/31/2025 | Common Stock | 2894 | $22.68 | D | |
Stock Options (Right to Buy) | 4/30/2018 | 4/30/2025 | Common Stock | 3135 | $20.93 | D | |
Stock Options (Right to Buy) | 5/29/2018 | 5/29/2025 | Common Stock | 3137 | $20.92 | D | |
Stock Options (Right to Buy) | 3/31/2019 | 3/31/2026 | Common Stock | 3141 | $20.89 | D | |
Stock Options (Right to Buy) | 4/29/2019 | 4/29/2026 | Common Stock | 3515 | $18.67 | D | |
Stock Options (Right to Buy) | 5/31/2019 | 5/31/2026 | Common Stock | 3141 | $20.89 | D | |
Stock Options (Right to Buy) | 3/31/2020 | 3/31/2027 | Common Stock | 8751 | $27.00 | D | |
Stock Options (Right to Buy) | 4/2/2021 | 4/2/2028 | Common Stock | 9574 | $27.03 | D | |
Stock Options (Right to Buy) | 4/1/2022 | 4/1/2029 | Common Stock | 8844 | $33.92 | D | |
Explanation of Responses: |
(1) | The cash-settled RSUs will vest ratably over three years from the May 15, 2020 grant date. Vested units will be settled within sixty (60) days after vesting. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting dates. |
(2) | The restricted stock units will be settled solely in cash ("cash-settled RSUs"). Each cash-settled RSU is the economic equivalent of one share of Corning Incorporated Common Stock. |
(3) | The SARs will vest ratably over three years from the May 15, 2020 grant date. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting dates. |
(4) | Each vested SAR represents the right to receive a cash payment upon exercise equal to the amount by which the Fair Market Value of a share of Corning Incorporated Common Stock on the date of exercise exceeds the Base Amount ($19.65) for the SAR. |
(5) | The options vested ratably over three years from the January 3, 2011 grant date. |
(6) | The options vested ratably over three years from the February 1, 2011 grant date. |
(7) | The options vested ratably over three years from the March 1, 2011 grant date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Fang Li ONE RIVERFRONT PLAZA CORNING, NY 14831 |
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| Pres.&GM Corning Greater China |
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Signatures
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Linda E. Jolly, Power of Attorney | | 10/9/2020 |
**Signature of Reporting Person | Date |
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