SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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*
Fang Li

(Last) (First) (Middle)
ONE RIVERFRONT PLAZA

(Street)
CORNING NY 14831

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
10/07/2020
3. Issuer Name and Ticker or Trading Symbol
CORNING INC /NY [ GLW ]
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
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
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)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: 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 11,857 (2) D
Restricted Stock Unit (1) (1) Common Stock 1,745 (2) D
Stock Appreciation Rights (SAR) (3) 05/15/2030 Common Stock 8,725 19.65(4) D
Stock Options (Right to Buy) (5) 01/03/2021 Common Stock 1,255 19.19 D
Stock Options (Right to Buy) (6) 02/01/2021 Common Stock 1,061 22.69 D
Stock Options (Right to Buy) (7) 03/01/2021 Common Stock 1,093 22.03 D
Stock Options (Right to Buy) 01/03/2015 01/03/2022 Common Stock 5,592 13.04 D
Stock Options (Right to Buy) 02/01/2015 02/01/2022 Common Stock 5,652 12.9 D
Stock Options (Right to Buy) 03/01/2015 03/01/2022 Common Stock 5,622 12.97 D
Stock Options (Right to Buy) 03/28/2016 03/28/2023 Common Stock 7,145 13.33 D
Stock Options (Right to Buy) 04/30/2016 04/30/2023 Common Stock 6,568 14.5 D
Stock Options (Right to Buy) 05/31/2016 05/31/2023 Common Stock 6,196 15.37 D
Stock Options (Right to Buy) 03/31/2017 03/31/2024 Common Stock 2,852 20.82 D
Stock Options (Right to Buy) 04/30/2017 04/30/2024 Common Stock 2,840 20.91 D
Stock Options (Right to Buy) 05/30/2017 05/30/2024 Common Stock 2,788 21.3 D
Stock Options (Right to Buy) 03/31/2018 03/31/2025 Common Stock 2,894 22.68 D
Stock Options (Right to Buy) 04/30/2018 04/30/2025 Common Stock 3,135 20.93 D
Stock Options (Right to Buy) 05/29/2018 05/29/2025 Common Stock 3,137 20.92 D
Stock Options (Right to Buy) 03/31/2019 03/31/2026 Common Stock 3,141 20.89 D
Stock Options (Right to Buy) 04/29/2019 04/29/2026 Common Stock 3,515 18.67 D
Stock Options (Right to Buy) 05/31/2019 05/31/2026 Common Stock 3,141 20.89 D
Stock Options (Right to Buy) 03/31/2020 03/31/2027 Common Stock 8,751 27 D
Stock Options (Right to Buy) 04/02/2021 04/02/2028 Common Stock 9,574 27.03 D
Stock Options (Right to Buy) 04/01/2022 04/01/2029 Common Stock 8,844 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.
Linda E. Jolly, Power of Attorney 10/09/2020
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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