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Corning director exercises options



By AP
22 May 2008 @ 03:54 pm EST

NEW YORK - A director of glass and ceramics maker Corning Inc. exercised options for 42,910 shares of common stock, according to a Securities and Exchange Commission filing Thursday.

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In a Form 4 filed with the SEC, John Seely Brown reported he exercised options for the shares on Monday for $4.13 to $21.15 apiece and then sold the shares the same day for $28 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Corning is based in Corning, N.Y.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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