COMERICA INC — Director's Dealing 2014

Jan 29, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMERICA INC /NEW/ (CMA)
CIK: 0000028412
Period of Report: 2014-01-24

Reporting Person: FULTON J MICHAEL (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-24	Common Stock	S	6634	$47.52	Disposed	70843	Direct
2014-01-24	Common Stock	S	600	$47.53	Disposed	70243	Direct
2014-01-24	Common Stock	M	32000	$37.45	Acquired	102243	Direct
2014-01-24	Common Stock	F	28907	$47.23	Disposed	73336	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-24	Employee Stock Option (right to buy)	$37.45	M	32000	Disposed	2018-01-22	Common Stock (32000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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)	$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
Employee Stock Option (right to buy)	$33.79	2023-01-22	Common Stock (4830)	4830	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 24, 2014.

F2: Shares were withheld to satisfy tax withholding obligations and pay exercise price.

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