COMERICA INC /NEW/ 4

Accession 0000028412-17-000056

$CMACIK 0000028412operating

Filed

Mar 1, 7:00 PM ET

Accepted

Mar 2, 4:34 PM ET

Size

24.0 KB

Accession

0000028412-17-000056

Form 4

Period: 2017-02-28

EVP/Corporate Planning

Transactions

Exercise/Conversion
Common Stock
2017-03-01$17.32/sh+7,000$121,240→ 48,228 total
Tax Payment
Common Stock
2017-03-01$74.58/sh−4,109$306,449→ 44,119 total
Tax Payment
Common Stock
2017-02-28$71.28/sh−1,690$120,463→ 41,228 total
Exercise/Conversion
Employee Stock Option (right to buy)
2017-03-01−7,000→ 0 total
Exercise: $17.32From: 2010-01-27Exp: 2019-01-27→ Common Stock (7,000 underlying)
Award
Common Stock
2017-02-28+3,656→ 42,918 total

Holdings

Employee Stock Option (right to buy)
Exercise: $39.10From: 2012-01-25Exp: 2021-01-25→ Common Stock (8,000 underlying)
8,000
Employee Stock Option (right to buy)
Exercise: $33.79From: 2014-01-22Exp: 2023-01-22→ Common Stock (2,000 underlying)
2,000
Employee Stock Option (right to buy)
Exercise: $32.97From: 2017-01-26Exp: 2026-01-26→ Common Stock (4,520 underlying)
4,520
Employee Stock Option (right to buy)
Exercise: $67.66From: 2018-01-24Exp: 2027-01-24→ Common Stock (2,530 underlying)
2,530
Employee Stock Option (right to buy)
Exercise: $29.60From: 2013-01-24Exp: 2022-01-24→ Common Stock (8,000 underlying)
8,000
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: $42.32From: 2016-01-27Exp: 2025-01-27→ Common Stock (3,500 underlying)
3,500
Employee Stock Option (right to buy)
Exercise: $49.51From: 2015-01-21Exp: 2024-01-21→ Common Stock (1,857 underlying)
1,857

Footnotes (5)

[F1]On January 21, 2014, a "target" award of 3,635 performance restricted stock units ("SELTPP units") was granted to the reporting person pursuant to Comerica Incorporated's long-term incentive plan. The SELTPP units are settled in stock and vest in one installment following a certification of results for a three-year performance period. The performance period ended on December 31, 2016, and on February 28, 2017, the SELTPP units vested upon Comerica's Governance, Compensation and Nominating Committee certification that (1) performance was achieved at 100.6% based upon satisfaction of a three-year average adjusted return on common equity performance goal and (2) the negative total shareholder return modifier of 10 percentage points would not be applied based upon satisfaction of a relative total shareholder return goal.
[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 28, 2017.
[F3]Includes shares acquired through employee stock plans, shares purchased with reinvested dividends and stock units held pursuant to a deferred compensation plan as of March 1, 2017.
[F4]Shares were withheld to satisfy tax withholding obligations and pay exercise price.
[F5]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