COMERICA INC — Director's Dealing 2016

Nov 22, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMERICA INC /NEW/ (CMA)
CIK: 0000028412
Period of Report: 2016-11-18

Reporting Person: Guilfoile Peter William (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-18	Common Stock	M	4350	$58.98	Acquired	20267	Direct
2016-11-18	Common Stock	F	4244	$61.04	Disposed	16023	Direct
2016-11-21	Common Stock	S	106	$60.68	Disposed	15917	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-18	Employee Stock Option (Right to Buy)	$58.98	M	4350	Disposed	2017-01-23	Common Stock (4350)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$39.16	2020-07-27	Common Stock (625)	625	Direct
Employee Stock Option (Right to Buy)	$39.10	2021-01-25	Common Stock (1225)	1225	Direct
Employee Stock Option (Right to Buy)	$29.60	2022-01-24	Common Stock (2750)	2750	Direct
Employee Stock Option (Right to Buy)	$33.79	2023-01-22	Common Stock (3300)	3300	Direct
Employee Stock Option (Right to Buy)	$49.51	2024-01-21	Common Stock (1578)	1578	Direct
Employee Stock Option (Right to Buy)	$42.32	2025-01-27	Common Stock (2270)	2270	Direct
Employee Stock Option (Right to Buy)	$32.97	2026-01-26	Common Stock (3515)	3515	Direct

Footnotes

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

F2: Includes shares acquired through employee stock plans and shares purchased with reinvested dividends as of November 18, 2016.

F3: Includes shares acquired through employee stock plans and shares purchased with reinvested dividends as of November 21, 2016.

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