| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
COMERICA INC /NEW/ [ CMA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 07/27/2010 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 07/27/2010 | A | 9,500(1) | A | $0 | 96,966(2) | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Employee Stock Option (right to buy) | $51.43 | 01/22/2002(3) | 05/02/2011 | Common Stock | 15,800 | 15,800 | D | ||||||||
| Employee Stock Option (right to buy) | $63.2 | 01/21/2003(3) | 04/17/2012 | Common Stock | 26,000 | 26,000 | D | ||||||||
| Employee Stock Option (right to buy) | $40.32 | 01/27/2004(3) | 04/17/2013 | Common Stock | 35,000 | 35,000 | D | ||||||||
| Employee Stock Option (right to buy) | $52.5 | 01/26/2005(3) | 04/16/2014 | Common Stock | 40,000 | 40,000 | D | ||||||||
| Employee Stock Option (right to buy) | $54.99 | 01/25/2006(3) | 04/21/2015 | Common Stock | 40,000 | 40,000 | D | ||||||||
| Employee Stock Option (right to buy) | $56.47 | 01/24/2007(3) | 02/15/2016 | Common Stock | 32,000 | 32,000 | D | ||||||||
| Employee Stock Option (right to buy) | $58.98 | 01/23/2008(3) | 01/23/2017 | Common Stock | 32,000 | 32,000 | D | ||||||||
| Employee Stock Option (right to buy) | $37.45 | 01/22/2009(3) | 01/22/2018 | Common Stock | 32,000 | 32,000 | D | ||||||||
| Employee Stock Option (right to buy) | $17.32 | 01/27/2010(3) | 01/27/2019 | Common Stock | 18,375 | 18,375 | D | ||||||||
| Phantom Stock Units(4) | (5) | 02/05/2011(6) | 02/05/2011(6) | Common Stock | 5,219 | 5,219 | D | ||||||||
| Employee Stock Option (right to buy) | $39.16 | 07/27/2010 | A | 18,500 | 07/27/2011(3) | 07/27/2020 | Common Stock | 18,500 | $0 | 18,500 | D | ||||
| Explanation of Responses: |
| 1. Shares of restricted stock awarded under issuer's Long-Term Incentive Plan. |
| 2. Includes shares acquired through employee stock plans, shares purchased with reinvested dividends and stock units held pursuant to a deferred compensation plan as of July 27, 2010. |
| 3. The options vest in four equal annual installments beginning on the date indicated in this column. |
| 4. The phantom stock units represent a portion of the reporting person's base salary. |
| 5. Each phantom stock unit is the economic equivalent of one share of Comerica Incorporated common stock. |
| 6. Phantom stock units will be settled in cash on the earlier to occur of February 5, 2011 or the reporting person's death. |
| Remarks: |
| /s/ Jennifer S. Perry, on behalf of John R. Beran through Power of Attorney | 07/29/2010 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||