4//SEC Filing
BABB RALPH W JR 4
Accession 0000028412-18-000073
CIK 0000028412other
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 5:04 PM ET
Size
17.2 KB
Accession
0000028412-18-000073
Insider Transaction Report
Form 4
BABB RALPH W JR
DirectorChairman, President & CEO
Transactions
- Award
Common Stock
2018-02-27+64,246→ 667,356 total - Tax Payment
Common Stock
2018-02-27$98.61/sh−25,282$2,493,058→ 642,074 total
Holdings
- 71,400
Employee Stock Option (right to buy)
Exercise: $29.60From: 2013-01-24Exp: 2022-01-24→ Common Stock (71,400 underlying) - 34,700
Employee Stock Option (right to buy)
Exercise: $33.79From: 2014-01-22Exp: 2023-01-22→ Common Stock (34,700 underlying) - 27,863
Employee Stock Option (right to buy)
Exercise: $49.51From: 2015-01-21Exp: 2024-01-21→ Common Stock (27,863 underlying) - 36,145
Employee Stock Option (right to buy)
Exercise: $32.97From: 2017-01-26Exp: 2026-01-26→ Common Stock (36,145 underlying) - 18,220
Employee Stock Option (right to buy)
Exercise: $67.66From: 2018-01-24Exp: 2027-01-24→ Common Stock (18,220 underlying) - 14,150
Employee Stock Option (right to buy)
Exercise: $95.25From: 2019-01-23Exp: 2028-01-23→ Common Stock (14,150 underlying) - 31,495
Employee Stock Option (right to buy)
Exercise: $42.32From: 2016-01-27Exp: 2025-01-27→ Common Stock (31,495 underlying)
Footnotes (3)
- [F1]On January 27, 2015, a "target" award of 63,800 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 certification of results for a three-year performance period. The performance period ended on December 31, 2017, and on February 27, 2018, the SELTPP units vested upon Comerica's Governance, Compensation and Nominating Committee certification that (1) performance was achieved at 100.7% based upon satisfaction of a three-year average return on common equity excluding certain nonperformance items 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, restricted stock units and stock units held pursuant to a deferred compensation plan as of February 27, 2018.
- [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 typeother
Related Parties
1- filerCIK 0001202719
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Mar 1, 5:04 PM ET
- Size
- 17.2 KB