CORNING INC /NY 4
4 · CORNING INC /NY · Filed Dec 3, 2015
Insider Transaction Report
Form 4
FLAWS JAMES B
DirectorVICE CHAIRMAN & CFO
Transactions
- Exercise/Conversion
Common Stock
2015-12-01+40,288→ 378,250 total - Exercise/Conversion
Restricted Stock Unit
2015-12-01−35,365→ 0 total→ Common Stock (35,365 underlying) - Exercise/Conversion
Common Stock
2015-12-01+62,888→ 337,962 total - Tax Payment
Common Stock
2015-12-01$18.82/sh−69,022$1,298,994→ 344,593 total - Exercise/Conversion
Common Stock
2015-12-01+35,365→ 413,615 total - Disposition to Issuer
Restricted Stock Unit
2015-12-01−3,215→ 35,365 total→ Common Stock (3,215 underlying) - Exercise/Conversion
Restricted Stock Unit
2015-12-01−62,888→ 0 total→ Common Stock (62,888 underlying) - Exercise/Conversion
Restricted Stock Unit
2015-12-01−40,288→ 0 total→ Common Stock (40,288 underlying)
Footnotes (6)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
- [F2]Mr. Flaws retired effective December 1, 2015. Restricted Stock Units awarded March 31, 2015 remained restricted until December 1, 2015, when 3,215 units were forfeited and 35,365 units vested and converted into GLW common stock per terms of the March 2015 Agreement approved by Compensation Committee.
- [F3]Each restricted stock unit represented a contingent right to receive one share of Corning Incorporated Common Stock. The 3,215 units were forfeited per terms of the March 31, 2015 Agreement approved by Compensation Committee.
- [F4]Earned Restricted Stock Units awarded March 28, 2013 remained restricted until December 1, 2015, when they vested and converted into GLW common stock per terms of the March 2013 Agreement approved by Compensation Committee.
- [F5]Earned Restricted Stock Units awarded March 31, 2014 remained restricted until December 1, 2015, when they vested and converted into GLW common stock per terms of the March 2014 Agreement approved by Compensation Committee.
- [F6]Earned Restricted Stock Units awarded March 31, 2015 remained restricted until December 1, 2015, when they vested and converted into GLW common stock per terms of the March 2015 Agreement approved by Compensation Committee.