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COMERICA INC — Director's Dealing 2013
Jan 24, 2013
30676_dirs_2013-01-24_008d0c17-e556-4cab-80b4-892953b90e5c.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: 2013-01-22
Reporting Person: FARMER CURTIS C (Vice Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-01-22 | Common Stock | A | 8250 | — | Acquired | 65197 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-01-22 | Employee Stock Option (right to buy) | $33.79 | A | 5500 | Acquired | 2023-01-22 | Common Stock (5500) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $21.95 | 2018-11-14 | Common Stock (12500) | 12500 | Direct |
| Employee Stock Option (right to buy) | $17.32 | 2019-01-27 | Common Stock (9150) | 9150 | Direct |
| Employee Stock Option (right to buy) | $39.16 | 2020-07-27 | Common Stock (21000) | 21000 | Direct |
| Employee Stock Option (right to buy) | $39.10 | 2021-01-25 | Common Stock (22000) | 22000 | Direct |
| Employee Stock Option (right to buy) | $29.60 | 2022-01-24 | Common Stock (21000) | 21000 | Direct |
Footnotes
F1: On January 22, 2013, a "target" award of 15,000 performance restricted stock units (PRSUs) was granted to the reporting person pursuant to the Amended and Restated Comerica Incorporated 2006 Long-Term Incentive Plan. The PRSUs are settled in stock, with accrued dividend equivalents paid out annually in cash. The PRSUs vest in one installment at the end of a three-year performance period. If, during any year in such performance period, Comerica falls below the Tier 1 Capital Threshold defined by the Federal Reserve for well capitalized banks, 15% of the PRSU target award will be forfeited, with a maximum reduction of 45% of the target award. The number of PRSUs reported in this Form 4 represents the portion that is not subject to such reduction.
F2: Includes shares acquired through employee stock plans as of January 22, 2013.
F3: The options vest in four equal annual installments beginning on the date indicated in this column.