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COMERICA INC Director's Dealing 2011

Jan 27, 2011

30676_dirs_2011-01-27_5bdfb22b-ec03-4308-a58a-258bef16d88d.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: ACTON ELIZABETH S (EVP and CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-01-25 Common Stock A 11000 Acquired 93093 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 23500 Acquired 2021-01-25 Common Stock (23500) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option (right to buy) $62.02 2012-04-13 Common Stock (30000) 30000 Direct
Employee Stock Option (right to buy) $52.50 2014-04-16 Common Stock (45000) 45000 Direct
Employee Stock Option (right to buy) $54.99 2015-04-21 Common Stock (45000) 45000 Direct
Employee Stock Option (right to buy) $56.47 2016-02-15 Common Stock (32000) 32000 Direct
Employee Stock Option (right to buy) $58.98 2017-01-23 Common Stock (32000) 32000 Direct
Employee Stock Option (right to buy) $37.45 2018-01-22 Common Stock (32000) 32000 Direct
Employee Stock Option (right to buy) $17.32 2019-01-27 Common Stock (17400) 17400 Direct
Phantom Stock Units $ 2011-02-05 Common Stock (11151) 11151 Direct
Employee Stock Option (right to buy) $39.16 2020-07-27 Common Stock (18500) 18500 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.

F4: The phantom stock units represent a portion of the reporting person's base salary.

F5: Each phantom stock unit is the economic equivalent of one share of Comerica Incorporated common stock.

F6: Phantom stock units will be settled in cash on the earlier to occur of February 5, 2011 or the reporting person's death.