COMERICA INC /NEW/ 4

Accession 0000028412-15-000039

$CMACIK 0000028412operating

Filed

Feb 25, 7:00 PM ET

Accepted

Feb 26, 6:56 PM ET

Size

20.0 KB

Accession

0000028412-15-000039

Form 4

Period: 2015-02-24

Executive Vice President

Transactions

Holdings

Employee Stock Option (right to buy)
Exercise: $54.99From: 2006-01-25Exp: 2015-04-21→ Common Stock (6,000 underlying)
6,000
Employee Stock Option (right to buy)
Exercise: $56.47From: 2007-01-24Exp: 2016-02-15→ Common Stock (6,000 underlying)
6,000
Employee Stock Option (right to buy)
Exercise: $58.98From: 2008-01-23Exp: 2017-01-23→ Common Stock (6,000 underlying)
6,000
Employee Stock Option (right to buy)
Exercise: $37.45From: 2009-01-22Exp: 2018-01-22→ Common Stock (5,300 underlying)
5,300
Employee Stock Option (right to buy)
Exercise: $34.78From: 2011-01-26Exp: 2020-01-26→ Common Stock (15,000 underlying)
15,000
Employee Stock Option (right to buy)
Exercise: $39.10From: 2012-01-25Exp: 2021-01-25→ Common Stock (16,400 underlying)
16,400
Employee Stock Option (right to buy)
Exercise: $29.60From: 2013-01-24Exp: 2022-01-24→ Common Stock (14,500 underlying)
14,500
Employee Stock Option (right to buy)
Exercise: $33.79From: 2014-01-22Exp: 2023-01-22→ Common Stock (3,370 underlying)
3,370
Employee Stock Option (right to buy)
Exercise: $49.51From: 2015-01-21Exp: 2024-01-21→ Common Stock (3,018 underlying)
3,018
Employee Stock Option (right to buy)
Exercise: $42.32From: 2016-01-27Exp: 2025-01-27→ Common Stock (3,555 underlying)
3,555

Footnotes (3)

[F1]On January 22, 2013, a "target" award of 9,110 performance restricted stock units (PRSUs) was granted to the reporting person pursuant to Comerica Incorporated's long-term incentive plan. The PRSUs are settled in stock, with accrued dividend equivalents paid out annually in cash, and vest in one installment at the end of a 3-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 target award will be forfeited, with a maximum reduction of 45%. On February 25, 2014, Comerica's Governance, Compensation and Nominating Committee certified that performance was achieved for the 2013 fiscal year, and on February 24, 2015, the Committee certified that performance was achieved for the 2014 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 2014 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 24, 2015.
[F3]The options vest in four equal annual installments (based on the original grant amount) beginning on the date indicated in this column.

Documents

1 file

COMERICA INC /NEW/

CIK 0000028412

Entity typeoperating

IncorporatedDE