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COMERICA INC — Director's Dealing 2015
Feb 27, 2015
30676_dirs_2015-02-26_bde21d88-712d-448b-b1be-efed8565396e.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: 2015-02-24
Reporting Person: FARMER CURTIS C (Vice Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-02-24 | Common Stock | A | 2250 | — | Acquired | 68498 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 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 (15750) | 15750 | Direct |
| Employee Stock Option (right to buy) | $33.79 | 2023-01-22 | Common Stock (5500) | 5500 | Direct |
| Employee Stock Option (right to buy) | $49.51 | 2024-01-21 | Common Stock (6385) | 6385 | Direct |
| Employee Stock Option (right to buy) | $42.32 | 2025-01-27 | Common Stock (7220) | 7220 | 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 Comerica Incorporated's long-term incentive plan. The PRSUs are settled in stock, with accrued dividend equivalents paid out annually in cash, and vest in one installment at the end of a 3-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 target award will be forfeited, with a maximum reduction of 45%. On February 25, 2014, Comerica's Governance, Compensation and Nominating Committee certified that performance was achieved for the 2013 fiscal year, and on February 24, 2015, the Committee certified that performance was achieved for the 2014 fiscal year. The number of PRSUs reported in this Form 4 represents the additional portion of the award that is not subject to reduction due to the achievement of the 2014 performance results.
F2: Includes shares acquired through employee stock plans as of February 24, 2015.
F3: The options vest in four equal annual installments (based on the original grant amount) beginning on the date indicated in this column.