COMERICA INC — Director's Dealing 2012

Jan 31, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMERICA INC /NEW/ (CMA)
CIK: 0000028412
Period of Report: 2012-01-27

Reporting Person: FULTON J MICHAEL (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-27	Common Stock	S	77	$27.92	Disposed	84475	Direct
2012-01-27	Common Stock	S	4900	$27.923	Disposed	79575	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$63.20	2012-04-17	Common Stock (25800)	25800	Direct
Employee Stock Option (right to buy)	$40.32	2013-04-17	Common Stock (24700)	24700	Direct
Employee Stock Option (right to buy)	$52.50	2014-04-16	Common Stock (40000)	40000	Direct
Employee Stock Option (right to buy)	$54.99	2015-04-21	Common Stock (40000)	40000	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 (15700)	15700	Direct
Employee Stock Option (right to buy)	$39.16	2020-07-27	Common Stock (18500)	18500	Direct
Employee Stock Option (right to buy)	$39.10	2021-01-25	Common Stock (20000)	20000	Direct
Employee Stock Option (right to buy)	$29.60	2022-01-24	Common Stock (14000)	14000	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 27, 2012.

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