COMERICA INC — Director's Dealing 2012

Jan 25, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMERICA INC /NEW/ (CMA)
CIK: 0000028412
Period of Report: 2012-01-23

Reporting Person: BABB RALPH W JR (Director, Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-23	Common Stock	F	7935	$29.50	Disposed	456703	Direct
2012-01-24	Common Stock	A	93300	—	Acquired	550003	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-24	Employee Stock Option (right to buy)	$29.60	A	121400	Acquired	2022-01-24	Common Stock (121400)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$63.20	2012-04-17	Common Stock (125000)	125000	Direct
Employee Stock Option (right to buy)	$40.32	2013-04-17	Common Stock (70000)	70000	Direct
Employee Stock Option (right to buy)	$52.50	2014-04-16	Common Stock (150000)	150000	Direct
Employee Stock Option (right to buy)	$54.99	2015-04-21	Common Stock (175000)	175000	Direct
Employee Stock Option (right to buy)	$56.47	2016-02-15	Common Stock (100000)	100000	Direct
Employee Stock Option (right to buy)	$58.98	2017-01-23	Common Stock (100000)	100000	Direct
Employee Stock Option (right to buy)	$37.45	2018-01-22	Common Stock (100000)	100000	Direct
Employee Stock Option (right to buy)	$17.32	2019-01-27	Common Stock (83600)	83600	Direct
Employee Stock Option (right to buy)	$39.16	2020-07-27	Common Stock (61500)	61500	Direct
Employee Stock Option (right to buy)	$39.10	2021-01-25	Common Stock (115300)	115300	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 23, 2012.

F2: Shares of restricted stock awarded under issuer's Long-Term Incentive Plan.

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