COMERICA INC /NEW/ 4
4 · COMERICA INC /NEW/ · Filed Jul 28, 2016
Insider Transaction Report
Form 4
PIERGALLINI ALFRED A
Director
Transactions
- Award
Common Stock
2016-07-26+1,855→ 72,415 total
Holdings
- 319
Restricted Stock Units
Exercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Stock (319 underlying) - 750(indirect: By Partnership)
Common Stock
Footnotes (4)
- [F1]Restricted stock units granted pursuant to the 2015 Comerica Incorporated 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 50% on the first anniversary of the date of grant, 25% on the second anniversary of the date of grant and 25% on the third anniversary of the date of grant. Vested awards generally settle one year from the date the director leaves the Board.
- [F2]Includes, among other things, stock units held pursuant to a deferred compensation plan and restricted stock units as of July 26, 2016.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Comerica common stock.
- [F4]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.