COMERICA INC — Director's Dealing 2008

Jul 24, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMERICA INC /NEW/ (CMA)
CIK: 0000028412
Period of Report: 2008-07-22

Reporting Person: PIERGALLINI ALFRED A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-07-22	Common Stock	A	1939	—	Acquired	55759	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Director Stock Option (right to buy)	$62.75	2009-05-21	Common Stock (1500)	1500	Direct
Director Stock Option (right to buy)	$57.15	2011-05-20	Common Stock (2500)	2500	Direct
Director Stock Option (right to buy)	$64.50	2012-05-21	Common Stock (2500)	2500	Direct
Director Stock Option (right to buy)	$43.63	2013-05-20	Common Stock (2500)	2500	Direct
Director Stock Option (right to buy)	$53.87	2014-05-18	Common Stock (2500)	2500	Direct
Restricted Stock Units	$0	1988-08-08	Common Stock (319)	319	Direct

Footnotes

F1: Restricted stock units granted pursuant to the Comerica Incorporated Amended and Restated 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 one year after the date of grant and are settled in stock one year after cessation of service on the board.

F2: Includes stock units held pursuant to deferred director plans, restricted stock units, and shares purchased with reinvested dividends as of July 22, 2008.

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.