Filing Details

Accession Number:
0000028412-13-000111
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-11-22 15:29:50
Reporting Period:
2013-11-20
Filing Date:
2013-11-22
Accepted Time:
2013-11-22 15:29:50
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
28412 Comerica Inc W CMA National Commercial Banks (6021) 000006021
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1575198 T Michael Ritchie 411 West Lafayette, Mc-3247
Detroit MI 48226
Executive Vice President No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2013-11-20 3,750 $17.32 22,280 No 4 M Direct
Common Stock Disposition 2013-11-20 3,750 $44.85 18,530 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option (right to buy) Disposition 2013-11-20 3,750 $0.00 3,750 $17.32
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2010-01-27 2019-01-27 No 4 M Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Option (right to buy) $52.50 2005-04-16 2014-04-16 2,200 2,200 Direct
Common Stock Employee Stock Option (right to buy) $54.99 2006-04-21 2015-04-21 3,200 3,200 Direct
Common Stock Employee Stock Option (right to buy) $56.47 2007-02-15 2016-02-15 3,800 3,800 Direct
Common Stock Employee Stock Option (right to buy) $58.98 2008-01-23 2017-01-23 4,000 4,000 Direct
Common Stock Employee Stock Option (right to buy) $37.45 2009-01-22 2018-01-22 4,150 4,150 Direct
Common Stock Employee Stock Option (right to buy) $34.78 2011-01-26 2020-01-26 12,000 12,000 Direct
Common Stock Employee Stock Option (right to buy) $39.10 2012-01-25 2021-01-25 10,800 10,800 Direct
Common Stock Employee Stock Option (right to buy) $29.60 2013-01-24 2022-01-24 8,000 8,000 Direct
Common Stock Employee Stock Option (right to buy) $33.79 2014-01-22 2023-01-22 2,000 2,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2014-04-16 2,200 2,200 Direct
2015-04-21 3,200 3,200 Direct
2016-02-15 3,800 3,800 Direct
2017-01-23 4,000 4,000 Direct
2018-01-22 4,150 4,150 Direct
2020-01-26 12,000 12,000 Direct
2021-01-25 10,800 10,800 Direct
2022-01-24 8,000 8,000 Direct
2023-01-22 2,000 2,000 Direct
Footnotes
  1. 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 20, 2013. Also includes performance restricted stock units (PRSUs) which were granted to the reporting person pursuant to the Amended and Restated Comerica Incorporated 2006 Long-Term Incentive Plan. The PRSUs are settled in stock, with accrued dividend equivalent paid out annually in cash. The PRSUs vest in one installment at the end of a three-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 PRSU target award will be forfieted, with a maximum reduction of 45% of the target award. The number of PRSUs included in the total represents the portion that is not subject to such reduction as of November 20, 2013.
  2. The options vest in four equal annual installments beginning on the date indicated in this column.