Initial Statement of Beneficial Ownership (3)
01 Junho 2022 - 5:19PM
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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Amin Jaymin |
2. Date of Event Requiring Statement (MM/DD/YYYY)
6/1/2022
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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)
SVP and Chief Tech. Officer / |
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(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) |
| Common Stock | 88886 (1) | D | |
| Common Stock | 2339.8337 (2) | I | Trustee u/Employee Benefit Plan |
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 |
| Phantom Stock | (3) | (3) | Common Stock | 111.3406 | (3) | D | |
| Performance Share Unit | (4) | (4) | Common Stock | 14461 | (5) | D | |
| Performance Share Unit | (6) | (6) | Common Stock | 3626 | (5) | D | |
| Restricted Stock Unit | (7) | (7) | Common Stock | 9027 | (8) | D | |
| Restricted Stock Unit | (9) | (9) | Common Stock | 4603 | (8) | D | |
| Restricted Stock Unit | (10) | (10) | Common Stock | 6601 | (8) | D | |
| Restricted Stock Unit | (10) | (10) | Common Stock | 7830 | (8) | D | |
| Restricted Stock Unit | (11) | (11) | Common Stock | 2979 | (8) | D | |
| Restricted Stock Unit | (11) | (11) | Common Stock | 517 | (8) | D | |
| Stock Options (Right to Buy) | 3/31/2017 | 3/31/2024 | Common Stock | 2101 | $20.82 | D | |
| Stock Options (Right to Buy) | 4/30/2017 | 4/30/2024 | Common Stock | 2092 | $20.91 | D | |
| Stock Options (Right to Buy) | 5/30/2017 | 5/30/2024 | Common Stock | 2054 | $21.30 | D | |
| Stock Options (Right to Buy) | 10/1/2017 | 10/1/2024 | Common Stock | 15000 | $18.80 | D | |
| Stock Options (Right to Buy) | 3/31/2018 | 3/31/2025 | Common Stock | 2205 | $22.68 | D | |
| Stock Options (Right to Buy) | 4/30/2018 | 4/30/2025 | Common Stock | 2389 | $20.93 | D | |
| Stock Options (Right to Buy) | 5/29/2018 | 5/29/2025 | Common Stock | 2390 | $20.92 | D | |
| Stock Options (Right to Buy) | 3/31/2019 | 3/31/2026 | Common Stock | 2543 | $20.89 | D | |
| Stock Options (Right to Buy) | 4/29/2019 | 4/29/2026 | Common Stock | 2845 | $18.67 | D | |
| Stock Options (Right to Buy) | 5/31/2019 | 5/31/2026 | Common Stock | 2543 | $20.89 | D | |
| Stock Options (Right to Buy) | 3/31/2020 | 3/31/2027 | Common Stock | 7917 | $27.00 | D | |
| Stock Options (Right to Buy) | 4/2/2021 | 4/2/2028 | Common Stock | 9157 | $27.03 | D | |
| Stock Options (Right to Buy) | 4/1/2022 | 4/1/2029 | Common Stock | 8476 | $33.92 | D | |
| Stock Options (Right to Buy) | (12) | 5/15/2030 | Common Stock | 7750 | $19.65 | D | |
| Explanation of Responses: |
| (1) | Includes 80,000 shares granted under Corning's Incentive Stock Plan that are subject to the restrictions and terms contained in the agreement dated December 5, 2018. |
| (2) | Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan. |
| (3) | The reported Phantom Stock Units acquired pursuant to the terms of Corning's Supplemental Investment Plan and will be settled for cash at fair market value on or after the reporting person's retirement or other termination of service. |
| (4) | Performance Share Units were earned February 3, 2021 and February 2, 2022 per Compensation Committee decision that performance criteria were satisfied for fiscal years 2020 and 2021 pursuant to the 2020 agreement. Earned units remain restricted until April 14, 2023, when they vest and convert to GLW common stock, subject to service-based vesting requirement. |
| (5) | Each Performance Share Unit represents a contingent right to receive one share of Corning Incorporated Common Stock. |
| (6) | Performance Share Units were earned February 2, 2022 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2021 pursuant to the 2021 agreement. Earned units remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement. |
| (7) | The Restricted Stock Units vest 100% on April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 14, 2023. |
| (8) | Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock. |
| (9) | The Restricted Stock Units vest 100% on April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2024. |
| (10) | The Restricted Stock Units vest 100% on April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2025. |
| (11) | The restricted stock units will vest on May 15, 2023. Events such as retirement, death, disability, and others specified in the May 2020 agreement may result in vesting prior to the vesting date. |
| (12) | On December 2, 2020, the Compensation Committee approved the early vesting of one half of the stock options granted on May 15, 2020. The remaining stock options will vest ratably over three years from the grand date. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Amin Jaymin
ONE RIVERFRONT PLAZA
CORNING, NY 14831 |
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| SVP and Chief Tech. Officer |
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Signatures
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| Linda E. Jolly, Power of Attorney | | 6/1/2022 |
| **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. |
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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