COMERICA INC — Director's Dealing 2015

Jan 30, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMERICA INC /NEW/ (CMA)
CIK: 0000028412
Period of Report: 2015-01-27

Reporting Person: OBERMEYER PAUL R (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-27	Common Stock	A	1400	—	Acquired	38039	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-01-27	Employee Stock Option (right to buy)	$42.32	A	3455	Acquired	2025-01-27	Common Stock (3455)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2421	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$54.99	2015-04-21	Common Stock (5900)	5900	Direct
Employee Stock Option (right to buy)	$56.47	2016-02-15	Common Stock (9000)	9000	Direct
Employee Stock Option (right to buy)	$58.98	2017-01-23	Common Stock (8200)	8200	Direct
Employee Stock Option (right to buy)	$39.10	2021-01-25	Common Stock (3000)	3000	Direct
Employee Stock Option (right to buy)	$29.60	2022-01-24	Common Stock (6350)	6350	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 (2979)	2979	Direct

Footnotes

F1: Shares of restricted stock awarded under Issuer's Long-Term Incentive Plan.

F2: 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 27, 2015.

F3: Excludes 2,421 shares previously owned directly which were contributed to a revocable trust.

F4: The options vest in four equal annual installments (based on the original grant amount) beginning on the date indicated in this column.