4//SEC Filing
COMERICA INC /NEW/ 4
Accession 0000028412-14-000079
$CMACIK 0000028412operating
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 6:01 PM ET
Size
17.1 KB
Accession
0000028412-14-000079
Insider Transaction Report
Form 4
Killian John M
EVP - Chief Credit Officer
Transactions
- Award
Common Stock
2014-02-25+1,575→ 33,595 total
Holdings
- 8,000
Employee Stock Option (right to buy)
Exercise: $52.50From: 2005-01-26Exp: 2014-04-16→ Common Stock (8,000 underlying) - 11,000
Employee Stock Option (right to buy)
Exercise: $54.99From: 2006-01-25Exp: 2015-04-21→ Common Stock (11,000 underlying) - 9,080
Employee Stock Option (right to buy)
Exercise: $56.47From: 2007-01-24Exp: 2016-02-15→ Common Stock (9,080 underlying) - 9,500
Employee Stock Option (right to buy)
Exercise: $58.98From: 2008-01-23Exp: 2017-01-23→ Common Stock (9,500 underlying) - 14,000
Employee Stock Option (right to buy)
Exercise: $39.10From: 2012-01-25Exp: 2021-01-25→ Common Stock (14,000 underlying) - 14,000
Employee Stock Option (right to buy)
Exercise: $29.60From: 2013-01-24Exp: 2022-01-24→ Common Stock (14,000 underlying) - 3,500
Employee Stock Option (right to buy)
Exercise: $33.79From: 2014-01-22Exp: 2023-01-22→ Common Stock (3,500 underlying) - 3,444
Employee Stock Option (right to buy)
Exercise: $49.51From: 2015-01-21Exp: 2024-01-21→ Common Stock (3,444 underlying)
Footnotes (3)
- [F1]On January 22, 2013, a "target" award of 10,500 performance restricted stock units (PRSUs) was granted to the reporting person pursuant to the Amended and Restated Comerica Incorporated 2006 Long-Term Incentive Plan. The PRSUs are settled in stock, with accrued dividend equivalents paid out annually in cash. The PRSUs vest in one installment at the end of a three-year performance period. If, during any year in such performance period, Comerica falls below the Tier 1 Capital Threshold defined by the Federal Reserve for well capitalized banks, 15% of the PRSU target award will be forfeited, with a maximum reduction of 45% of the target award. On February 25, 2014, the Governance, Compensation and Nominating Committee of Comerica Incorporated certified that performance was achieved for the 2013 fiscal year. The number of PRSUs reported in this Form 4 represents the additional portion of the award that is not subject to reduction due to the achievement of the 2013 performance results.
- [F2]Includes shares acquired through employee stock plans, shares purchased with reinvested dividends and stock units held pursuant to a deferred compensaton plan as of February 25, 2014.
- [F3]The options vest in four equal annual installments beginning on the date indicated in this column.
Documents
Issuer
COMERICA INC /NEW/
CIK 0000028412
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000028412
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 6:01 PM ET
- Size
- 17.1 KB