COMERICA INC — Director's Dealing 2014

Aug 26, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMERICA INC /NEW/ (CMA)
CIK: 0000028412
Period of Report: 2014-08-21

Reporting Person: BILSTROM JON W (EVP & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-21	Common Stock	M	25000	$37.45	Acquired	110928	Direct
2014-08-21	Common Stock	J	21317	$50.19	Disposed	89611	Direct
2014-08-22	Common Stock	S	100	$50.54	Disposed	89511	Direct
2014-08-22	Common Stock	S	100	$50.542	Disposed	89411	Direct
2014-08-22	Common Stock	S	200	$50.545	Disposed	89211	Direct
2014-08-22	Common Stock	S	583	$50.55	Disposed	88628	Direct
2014-08-22	Common Stock	S	100	$50.552	Disposed	88528	Direct
2014-08-22	Common Stock	S	200	$50.555	Disposed	88328	Direct
2014-08-22	Common Stock	S	1300	$50.56	Disposed	87028	Direct
2014-08-22	Common Stock	S	200	$50.565	Disposed	86828	Direct
2014-08-22	Common Stock	S	900	$50.57	Disposed	85928	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-21	Employee Stock Option (right to buy)	$37.45	M	25000	Disposed	2018-01-22	Common Stock (25000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2000	Indirect
Common Stock	1500	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$54.99	2015-04-21	Common Stock (25000)	25000	Direct
Employee Stock Option (right to buy)	$56.47	2016-02-15	Common Stock (25000)	25000	Direct
Employee Stock Option (right to buy)	$58.98	2017-01-23	Common Stock (25000)	25000	Direct
Employee Stock Option (right to buy)	$17.32	2019-01-27	Common Stock (20300)	20300	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 (19000)	19000	Direct
Employee Stock Option (right to buy)	$33.79	2023-01-22	Common Stock (5000)	5000	Direct
Employee Stock Option (right to buy)	$49.51	2024-01-21	Common Stock (4303)	4303	Direct

Footnotes

F1: Includes shares acquired through employee stock plans, shares purchased with reinvested dividends and stock units held pursuant to a deferred compensaton plan as of August 21, 2014.

F2: Includes shares acquired through employee stock plans, shares purchased with reinvested dividends and stock units held pursuant to a deferred compensaton plan as of August 22, 2014.

F3: Shares were withheld to satisfy tax withholding obligations and pay exercise price.

F4: The options vest in four equal annual installments beginning on the date indicated in this column.