COMERICA INC /NEW/ 4
4 · COMERICA INC /NEW/ · Filed Jul 13, 2005
Insider Transaction Report
Form 4
CUMMINGS PETER D
Director
Transactions
- Award
Common Stock
2005-07-11$58.55/sh+263$15,399→ 7,482 total
Holdings
- 42,321(indirect: By Spouse)
Common Stock
- 319
Restricted Stock Units
Exercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Stock (319 underlying) - 2,500
Director Stock Option (right to buy)
Exercise: $57.15From: 2002-05-22Exp: 2011-05-20→ Common Stock (2,500 underlying) - 1,500
Director Stock Option (right to buy)
Exercise: $40.09From: 1998-05-16Exp: 2007-05-16→ Common Stock (1,500 underlying) - 2,000
Director Stock Option (right to buy)
Exercise: $44.13From: 2001-05-19Exp: 2010-05-19→ Common Stock (2,000 underlying)
Footnotes (5)
- [F1]Stock units acquired under a deferral plan. The units are being reported in Table I because they are distributed in the form of common stock, on a one-for-one basis.
- [F2]Includes stock units held pursuant to deferred director plans and shares purchased with reinvested dividends as of July 11, 2005.
- [F3]The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- [F4]Each restricted stock unit represents a contingent right to receive one share of Comerica common stock.
- [F5]The restricted stock units vest one year after the date of grant. Vested shares are settled one year after the insider's date of retirement.