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COMERICA INC Director's Dealing 2011

Jan 11, 2011

30676_dirs_2011-01-11_63c7f692-1ddf-4a9d-b222-006e02a1fb5f.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: 2011-01-07

Reporting Person: Ogden Thomas D (Executive Vice President)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-01-07 Phantom Stock Units $ A 271 Acquired 2011-02-05 Common Stock (271) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 41868 Direct
Common Stock 5 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option (right to buy) $51.43 2011-05-02 Common Stock (6600) 6600 Direct
Employee Stock Option (right to buy) $63.20 2012-04-17 Common Stock (12000) 12000 Direct
Employee Stock Option (right to buy) $40.32 2013-04-17 Common Stock (11900) 11900 Direct
Employee Stock Option (right to buy) $52.50 2014-04-16 Common Stock (8500) 8500 Direct
Employee Stock Option (right to buy) $54.99 2015-04-21 Common Stock (12000) 12000 Direct
Employee Stock Option (right to buy) $56.47 2016-02-15 Common Stock (10600) 10600 Direct
Employee Stock Option (right to buy) $58.98 2017-01-23 Common Stock (12000) 12000 Direct
Employee Stock Option (right to buy) $37.45 2018-01-22 Common Stock (20000) 20000 Direct
Employee Stock Option (right to buy) $17.32 2019-01-27 Common Stock (20700) 20700 Direct
Employee Stock Option (right to buy) $39.16 2020-07-27 Common Stock (13000) 13000 Direct

Footnotes

F1: 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 7, 2011.

F2: The options vest in four equal annual installments beginning on the date indicated in this column.

F3: The phantom stock units represent a portion of the reporting person's base salary.

F4: Each phantom stock unit is the economic equivalent of one share of Comerica Incorporated common stock.

F5: Phantom stock units will be settled in cash on the earlier to occur of February 5, 2011 or the reporting person's death.