-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QikskUlJyk+aWv4Mqc4JnKC/PtlVnIqMWU35pT92De6/YYtIPHWilF2L5TVDZym0 0HwOMVeimfvFKX+SdmFB7g== 0000024741-98-000006.txt : 19980210 0000024741-98-000006.hdr.sgml : 19980210 ACCESSION NUMBER: 0000024741-98-000006 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980209 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CORNING INC /NY CENTRAL INDEX KEY: 0000024741 STANDARD INDUSTRIAL CLASSIFICATION: GLASS, GLASSWARE, PRESSED OR BLOWN [3220] IRS NUMBER: 160393470 STATE OF INCORPORATION: NY FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-19283 FILM NUMBER: 98525125 BUSINESS ADDRESS: STREET 1: ONE RIVERFRONT PLAZA CITY: CORNING STATE: NY ZIP: 14831 BUSINESS PHONE: 6079749000 FORMER COMPANY: FORMER CONFORMED NAME: CORNING INC /NY / CORNING LAB SERVICES INC DATE OF NAME CHANGE: 19930713 FORMER COMPANY: FORMER CONFORMED NAME: CORNING GLASS WORKS DATE OF NAME CHANGE: 19890512 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CORNING INC /NY CENTRAL INDEX KEY: 0000024741 STANDARD INDUSTRIAL CLASSIFICATION: GLASS, GLASSWARE, PRESSED OR BLOWN [3220] IRS NUMBER: 160393470 STATE OF INCORPORATION: NY FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE RIVERFRONT PLAZA CITY: CORNING STATE: NY ZIP: 14831 BUSINESS PHONE: 6079749000 FORMER COMPANY: FORMER CONFORMED NAME: CORNING INC /NY / CORNING LAB SERVICES INC DATE OF NAME CHANGE: 19930713 FORMER COMPANY: FORMER CONFORMED NAME: CORNING GLASS WORKS DATE OF NAME CHANGE: 19890512 SC 13G 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 _____________________________________________________________ SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 9) CORNING INCORPORATED (Name of Issuer) Common Shares, Par Value $.50 Per Share (Title of Class of Securities) 219350-10-5 (CUSIP Number) A. John Peck, Jr., Esq. Corning Incorporated One Riverfront Plaza Corning, NY 14831 Telephone: (607) 974-8246 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Check the following box if a fee is being paid with this statement __. Item 1 (a) Name of Issuer: Corning Incorporated (b) Address of Issuer's Principal Executive Offices: One Riverfront Plaza, Corning, New York 14831 Item 2 (a) Name of Person Filing: The Investment Plan and the Investment Plan for Unionized Hourly Employees of Corning Incorporated and certain affiliated companies (the "Plans") (b) Address of Principal Business Office: One Riverfront Plaza, Corning, New York 14831 (c) Citizenship: Not applicable (d) Title of Class of Securities: Common Shares, par value $.50 per share (e) CUSIP Number: 219350 10 5 Item 3 (a) The Plans are defined contribution plans which are subject to the provisions of the Employee Retirement Income Security Act of 1974 Item 4 Ownership (a) Amount Beneficially Owned: The equivalent of 12,226,978 Common shares at December 31, 1997, being 11,434,966 shares of Common Stock and 198,003 shares of Series B 8% Convertible Preferred Stock. Each share of Common Stock is entitled to one vote and each share of Preferred Stock is entitled to four votes. b) Percent of Class: 4.94% - Common 100% - Series B Preferred 5.27% - Overall Voting Percent c) Number of Shares as to which such person has: (i) sole power to vote or to direct the vote: None (ii) shared power to vote or to direct the vote: None (iii) sole power to dispose or to direct the disposition of: None (iv) shared power to dispose or to direct the disposition of: None Under the provisions of the Plans and the related trust agreement, the power to vote the Common and Series B Preferred shares and the power to respond to tender offers or other offers to sell such shares is passed through to the participants in the Plans. Only the Trustee of the Plans may be the record owner of the Series B Preferred shares. Each share of Series B Preferred Stock, $100 par value, is convertible into 4.79 Common shares at a conversion price of $25 per share. Holders of the Series B Preferred shares are entitled to vote on all matters submitted to holders of Common stock, each share of Series B having four votes. Item 5 Ownership of Five Percent or Less of a Class The Investment Plans owned 4.83% of the voting interest of the Common Stock at December 31, 1996. The voting percentage at December 31, 1996 was 5.27%. Item 6 Ownership of More Than Five Percent on Behalf of Another Person The Plans hold these securities on behalf of the employees who are participants in the Plans. Dividends are reinvested and are not currently distributed to participants. Common dividends are reinvested in Common shares. Preferred dividends are reinvested in fixed income instruments. Beneficiaries of the Plans have the right to receive securities and/or proceeds from the sale of the securities allocated to their respective accounts in the manner and at the time specified in the Plans. No individual beneficiary's account under the Plans has been allocated more than five percent of the issuer's outstanding Common shares. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company Not applicable Item 8 Identification and Classification of Members of the Group Not applicable Item 9 Notice of Dissolution of Group Not applicable Item 10 Certification By signing below the undersigned certifies that, to the best of its knowledge and belief, the securities referred to below were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. CORNING INCORPORATED, on behalf of its Investment Plan and Investment Plan for Unionized Hourly Employees Date: February 9, 1998 By: /s/ A. JOHN PECK, JR. Name: A. John Peck, Jr. Title: Secretary H:\WORD\INVPLAN\CI13G.DOC -----END PRIVACY-ENHANCED MESSAGE-----