COMERICA INC — Director's Dealing 2014

Feb 7, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMERICA INC /NEW/ (CMA)
CIK: 0000028412
Period of Report: 2014-02-04

Reporting Person: Killian John M (EVP - Chief Credit Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-04	Common Stock	S	300	$44.54	Disposed	44717	Direct
2014-02-04	Common Stock	S	2200	$44.545	Disposed	42517	Direct
2014-02-04	Common Stock	S	300	$44.547	Disposed	42217	Direct
2014-02-04	Common Stock	S	200	$44.549	Disposed	42017	Direct
2014-02-04	Common Stock	S	559	$44.55	Disposed	41458	Direct
2014-02-04	Common Stock	S	1000	$44.555	Disposed	40458	Direct
2014-02-04	Common Stock	S	100	$44.557	Disposed	40358	Direct
2014-02-04	Common Stock	S	300	$44.558	Disposed	40058	Direct
2014-02-04	Common Stock	S	2700	$44.56	Disposed	37358	Direct
2014-02-04	Common Stock	S	300	$44.58	Disposed	37058	Direct
2014-02-04	Common Stock	S	500	$44.59	Disposed	36558	Direct
2014-02-04	Common Stock	S	1000	$44.595	Disposed	35558	Direct
2014-02-04	Common Stock	S	200	$44.60	Disposed	35358	Direct
2014-02-04	Common Stock	S	1400	$44.605	Disposed	33958	Direct
2014-02-04	Common Stock	S	100	$44.63	Disposed	33858	Direct
2014-02-04	Common Stock	S	100	$44.65	Disposed	33758	Direct
2014-02-04	Common Stock	M	18000	$34.78	Acquired	51758	Direct
2014-02-04	Common Stock	F	15069	$44.83	Disposed	36689	Direct
2014-02-04	Common Stock	M	7900	$17.32	Acquired	44589	Direct
2014-02-04	Common Stock	F	4379	$44.83	Disposed	40210	Direct
2014-02-04	Common Stock	M	10000	$37.45	Acquired	50210	Direct
2014-02-04	Common Stock	F	8805	$44.83	Disposed	41405	Direct
2014-02-05	Common Stock	S	747	$44.53	Disposed	40658	Direct
2014-02-05	Common Stock	S	1200	$44.54	Disposed	39458	Direct
2014-02-05	Common Stock	S	2900	$44.55	Disposed	36558	Direct
2014-02-05	Common Stock	S	400	$44.56	Disposed	36158	Direct
2014-02-05	Common Stock	S	2400	$44.57	Disposed	33758	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-04	Employee Stock Option (right to buy)	$37.45	M	10000	Disposed	2018-01-22	Common Stock (10000)	Direct
2014-02-04	Employee Stock Option (right to buy)	$17.32	M	7900	Disposed	2019-01-27	Common Stock (7900)	Direct
2014-02-04	Employee Stock Option (right to buy)	$34.78	M	18000	Disposed	2020-01-26	Common Stock (18000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$52.50	2014-04-16	Common Stock (8000)	8000	Direct
Employee Stock Option (right to buy)	$54.99	2015-04-21	Common Stock (11000)	11000	Direct
Employee Stock Option (right to buy)	$56.47	2016-02-15	Common Stock (9080)	9080	Direct
Employee Stock Option (right to buy)	$58.98	2017-01-23	Common Stock (9500)	9500	Direct
Employee Stock Option (right to buy)	$39.10	2021-01-25	Common Stock (14000)	14000	Direct
Employee Stock Option (right to buy)	$29.60	2022-01-24	Common Stock (14000)	14000	Direct
Employee Stock Option (right to buy)	$33.79	2023-01-22	Common Stock (3500)	3500	Direct
Employee Stock Option (right to buy)	$49.51	2024-01-21	Common Stock (3444)	3444	Direct

Footnotes

F1: Shares were withheld to satisfy tax withholding obligations and pay exercise price.

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 February 4, 2014.

F3: Includes shares acquired through employee stock plans, shares purchased with reinvested dividends and stock units held pursuant to a deferred compensaton plan as of February 5, 2014.

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