4//SEC Filing
COMERICA INC /NEW/ 4
Accession 0000028412-16-000190
$CMACIK 0000028412operating
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 5:07 PM ET
Size
18.6 KB
Accession
0000028412-16-000190
Insider Transaction Report
Form 4
FAUBION PAT
Executive Vice President
Transactions
- Award
Common Stock
2016-02-23+1,365→ 48,807 total
Holdings
- 6,000
Employee Stock Option (right to buy)
Exercise: $58.98From: 2008-01-23Exp: 2017-01-23→ Common Stock (6,000 underlying) - 5,300
Employee Stock Option (right to buy)
Exercise: $37.45From: 2009-01-22Exp: 2018-01-22→ Common Stock (5,300 underlying) - 15,000
Employee Stock Option (right to buy)
Exercise: $34.78From: 2011-01-26Exp: 2020-01-26→ Common Stock (15,000 underlying) - 16,400
Employee Stock Option (right to buy)
Exercise: $39.10From: 2012-01-25Exp: 2021-01-25→ Common Stock (16,400 underlying) - 14,500
Employee Stock Option (right to buy)
Exercise: $29.60From: 2013-01-24Exp: 2022-01-24→ Common Stock (14,500 underlying) - 3,370
Employee Stock Option (right to buy)
Exercise: $33.79From: 2014-01-22Exp: 2023-01-22→ Common Stock (3,370 underlying) - 3,018
Employee Stock Option (right to buy)
Exercise: $49.51From: 2015-01-21Exp: 2024-01-21→ Common Stock (3,018 underlying) - 3,555
Employee Stock Option (right to buy)
Exercise: $42.32From: 2016-01-27Exp: 2025-01-27→ Common Stock (3,555 underlying) - 5,270
Employee Stock Option (right to buy
Exercise: $32.97From: 2017-01-26Exp: 2026-01-26→ Common Stock (5,270 underlying)
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%. Previously, Comerica's Governance, Compensation and Nominating Committee certified that performance was achieved for the 2013 and 2014 fiscal years. On February 23, 2016 the Committee certified that performance was achieved for the 2015 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 2015 performance results.
- [F2]Includes shares acquired through employee stock plans, shares purchased with reinvested dividends and stock units held pursuant to a deferred compensation plan as of February 23, 2016.
- [F3]The options vest in four equal annual installments (based on the original grant amount) 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 24, 7:00 PM ET
- Accepted
- Feb 25, 5:07 PM ET
- Size
- 18.6 KB