COMERICA INC — Director's Dealing 2016

Nov 25, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMERICA INC /NEW/ (CMA)
CIK: 0000028412
Period of Report: 2016-11-22

Reporting Person: OBERMEYER PAUL R (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-22	Common Stock	M	8200	$58.98	Acquired	47178	Direct
2016-11-22	Common Stock	F	8002	$61.55	Disposed	39176	Direct
2016-11-23	Common Stock	S	198	$61.955	Disposed	38978	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-22	Employee Stock Option (right to buy)	$58.98	M	8200	Disposed	2017-01-23	Common Stock (8200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	119	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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
Employee Stock Option (right to buy)	$42.32	2025-01-27	Common Stock (3455)	3455	Direct
Employee Stock Option (right to buy	$32.97	2026-01-26	Common Stock (4025)	4025	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 compensation plan as of November 22, 2016.

F3: Includes shares acquired through employee stock plans, shares purchased with reinvested dividends and stock units held pursuant to a deferred compensation plan as of November 23, 2016.

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