COMERICA INC — Director's Dealing 2011

Jan 27, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMERICA INC /NEW/ (CMA)
CIK: 0000028412
Period of Report: 2011-01-25

Reporting Person: OBERMEYER PAUL R (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-25	Common Stock	A	6000	—	Acquired	25579	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-25	Employee Stock Option (right to buy)	$39.10	A	12000	Acquired	2021-01-25	Common Stock (12000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$51.43	2011-05-02	Common Stock (6000)	6000	Direct
Employee Stock Option (right to buy)	$63.20	2012-04-17	Common Stock (7000)	7000	Direct
Employee Stock Option (right to buy)	$40.32	2013-04-17	Common Stock (2100)	2100	Direct
Employee Stock Option (right to buy)	$52.50	2014-04-16	Common Stock (5000)	5000	Direct
Employee Stock Option (right to buy)	$54.99	2015-04-21	Common Stock (5900)	5900	Direct
Employee Stock Option (right to buy)	$56.47	2016-02-15	Common Stock (9000)	9000	Direct
Employee Stock Option (right to buy)	$58.98	2017-01-23	Common Stock (8200)	8200	Direct
Employee Stock Option (right to buy)	$37.45	2018-01-22	Common Stock (8200)	8200	Direct
Employee Stock Option (right to buy)	$17.32	2019-01-27	Common Stock (6500)	6500	Direct
Employee Stock Option (right to buy)	$34.78	2020-01-26	Common Stock (15000)	15000	Direct

Footnotes

F1: Shares of restricted stock awarded under issuer's Long-Term Incentive Plan.

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 January 25, 2011.

F3: The options vest in four equal annual installments beginning on the date indicated in this column.