COMERICA INC — Director's Dealing 2018

Jan 30, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMERICA INC /NEW/ (CMA)
CIK: 0000028412
Period of Report: 2018-01-27

Reporting Person: FARMER CURTIS C (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-27	Common Stock	F	574	$95.81	Disposed	75273	Direct
2018-01-29	Common Stock	M	6385	$49.51	Acquired	81658	Direct
2018-01-29	Common Stock	S	6385	$96.309	Disposed	75273	Direct
2018-01-29	Common Stock	M	5415	$42.32	Acquired	80688	Direct
2018-01-29	Common Stock	S	5415	$96.233	Disposed	75273	Direct
2018-01-29	Common Stock	M	5647	$32.97	Acquired	80920	Direct
2018-01-29	Common Stock	S	5647	$95.771	Disposed	75273	Direct
2018-01-29	Common Stock	M	1423	$67.66	Acquired	76696	Direct
2018-01-29	Common Stock	S	1423	$95.666	Disposed	75273	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-29	Employee Stock Option (right to buy)	$49.51	M	6385	Disposed	2024-01-21	Common Stock (6385)	Direct
2018-01-29	Employee Stock Option (right to buy)	$42.32	M	5415	Disposed	2025-01-27	Common Stock (5415)	Direct
2018-01-29	Employee Stock Option (right to buy)	$32.97	M	5647	Disposed	2026-01-26	Common Stock (5647)	Direct
2018-01-29	Employee Stock Option (right to buy)	$67.66	M	1423	Disposed	2027-01-24	Common Stock (1423)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$95.25	2028-01-23	Common Stock (4935)	4935	Direct

Footnotes

F1: Includes shares acquired through employee stock plans and restricted stock units as of January 27, 2018.

F2: Includes shares acquired through employee stock plans and restricted stock units as of January 29, 2018.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.17 to $96.42, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 3 to this Form 4.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.95 to $96.37, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 4 to this Form 4.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.64 to $96.00, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 5 to this Form 4.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.55 to $95.76, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 6 to this Form 4.

F7: The options vest in four equal annual installments (based on the original grant amount) beginning on the date indicated in this column.