CUMMINGS PETER D 4
4 · COMERICA INC /NEW/ · Filed Jul 23, 2008
Insider Transaction Report
Form 4
CUMMINGS PETER D
Director
Transactions
- Award
Common Stock
2008-07-22+1,939→ 17,130 total
Holdings
- 319
Restricted Stock Units
Exercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Stock (319 underlying) - 3,816(indirect: By Spouse)
Common Stock
- 2,000
Director Stock Option (right to buy)
Exercise: $44.13From: 2001-05-19Exp: 2010-05-19→ Common Stock (2,000 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: $62.75From: 2000-05-21Exp: 2009-05-21→ Common Stock (1,500 underlying)
Footnotes (5)
- [F1]Restricted stock units granted pursuant to the Comerica Incorporated Amended and Restated Incentive Plan for Non-Employee Directors. Each restricted stock unit represents an unfunded, unsecured right to receive one share of Comerica common stock. The restricted stock units vest one year after the date of grant and are settled in stock one year after cessation of service on the board.
- [F2]Includes stock units held pursuant to deferred director plans, restricted stock units, and shares purchased with reinvested dividends as of July 22, 2008.
- [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 cessation of service on the board.