0000028412-13-000111.txt : 20131122
0000028412-13-000111.hdr.sgml : 20131122
20131122152950
ACCESSION NUMBER: 0000028412-13-000111
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20131120
FILED AS OF DATE: 20131122
DATE AS OF CHANGE: 20131122
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: COMERICA INC /NEW/
CENTRAL INDEX KEY: 0000028412
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
IRS NUMBER: 000006021
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1717 MAIN STREET MC6404
STREET 2: ATTN: DARLENE PERSONS
CITY: DALLAS
STATE: TX
ZIP: 75201
BUSINESS PHONE: 214-462-6831
MAIL ADDRESS:
STREET 1: 1717 MAIN STREET MC6404
STREET 2: ATTN: DARLENE PERSONS
CITY: DALLAS
STATE: TX
ZIP: 75201
FORMER COMPANY:
FORMER CONFORMED NAME: DETROITBANK CORP
DATE OF NAME CHANGE: 19850311
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: RITCHIE MICHAEL T
CENTRAL INDEX KEY: 0001575198
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10706
FILM NUMBER: 131238115
MAIL ADDRESS:
STREET 1: 411 WEST LAFAYETTE, MC-3247
CITY: DETROIT
STATE: MI
ZIP: 48226
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2013-11-20
0000028412
COMERICA INC /NEW/
CMA
0001575198
RITCHIE MICHAEL T
411 WEST LAFAYETTE, MC-3247
DETROIT
MI
48226
0
1
0
0
Executive Vice President
Common Stock
2013-11-20
4
M
0
3750
17.32
A
22280
D
Common Stock
2013-11-20
4
S
0
3750
44.85
D
18530
D
Employee Stock Option (right to buy)
52.50
2005-04-16
2014-04-16
Common Stock
2200
2200
D
Employee Stock Option (right to buy)
54.99
2006-04-21
2015-04-21
Common Stock
3200
3200
D
Employee Stock Option (right to buy)
56.47
2007-02-15
2016-02-15
Common Stock
3800
3800
D
Employee Stock Option (right to buy)
58.98
2008-01-23
2017-01-23
Common Stock
4000
4000
D
Employee Stock Option (right to buy)
37.45
2009-01-22
2018-01-22
Common Stock
4150
4150
D
Employee Stock Option (right to buy)
17.32
2013-11-20
4
M
0
3750
0
D
2010-01-27
2019-01-27
Common Stock
3750
0
D
Employee Stock Option (right to buy)
34.78
2011-01-26
2020-01-26
Common Stock
12000
12000
D
Employee Stock Option (right to buy)
39.10
2012-01-25
2021-01-25
Common Stock
10800
10800
D
Employee Stock Option (right to buy)
29.60
2013-01-24
2022-01-24
Common Stock
8000
8000
D
Employee Stock Option (right to buy)
33.79
2014-01-22
2023-01-22
Common Stock
2000
2000
D
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.
The options vest in four equal annual installments beginning on the date indicated in this column.
Exhibit 24 -- Power of Attorney for Michael T. Ritchie.
/s/ Nicole V. Gersch on behalf of Michael T. Ritchie through Power of Attorney
2013-11-22
EX-24
2
attach_1.txt
EXHIBIT 24 -- POWER OF ATTORNEY FOR MICHAEL RITCHIE
POWER OF ATTORNEY
Michael T. Ritchie
Know all by these presents, that the undersigned
hereby constitutes and appoints each of Jon W.
Bilstrom, Nicole V. Gersch, Jennifer S. Perry and
Steven A. Schaefer, signing singly, the undersigned's
true and lawful attorney-in-fact to:
(1) execute for and on behalf of the undersigned,
Forms 3, 4 and 5 in accordance with Section 16(a)
of the Securities Exchange Act of 1934 and the
rules thereunder and Form 144 with respect to the
securities of Comerica Incorporated (the "Company")
beneficially owned by the undersigned in accordance
with Rule 144 under the Securities Act of 1933
(the "Securities Act");
(2) execute for and on behalf of the undersigned,
documents necessary to facilitate the filing of
Forms 3, 4 and 5 and Form 144;
(3) do and perform any and all acts for and on
behalf of the undersigned which may be necessary
or desirable to complete and execute any such Form
3, 4 or 5 or Form 144, complete and execute any
amendment or amendments thereto, and timely file
such form with the United States Securities and
Exchange Commission and any stock exchange or
similar authority; and
(4) take any other action of any type whatsoever
in connection with the foregoing which, in the
opinion of such attorney-in-fact, may be of benefit
to, in the best interest of, or legally required by,
the undersigned, it being understood that the
documents executed by such attorney-in-fact on
behalf of the undersigned pursuant to this Power of
Attorney shall be in such form and shall contain
such terms and conditions as such attorney-in-fact
may approve in such attorney-in-fact's discretion.
The undersigned hereby grants to each such attorney
-in-fact full power and authority to do and perform
any and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of
any of the rights and powers herein granted, as
fully to all intents and all purposes as the
undersigned might or could do if personally present,
with full power of substitution or revocation,
hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's
substitute or substitutes, shall lawfully do or
cause to be done by virtue of this power of attorney
and the rights and powers herein granted. The
undersigned acknowledges that the foregoing attorneys
-in-fact, in serving in such capacity at the request
of the undersigned, are not assuming, nor is the
Company assuming, any of the undersigned's respons-
ibilities to comply with Section 16 of the Securities
Exchange Act of 1934 or Rule 144 under the Securities
Act.
The termination of any attorney-in-fact's employment
by the Company, however caused, shall operate as a
termination of his or her powers and authorities
hereunder, but shall not affect the powers and
authorities herein granted to any other party.
This Power of Attorney shall remain in full force
and effect until six months from the date the
undersigned is terminated or removed, or resigns or
retires from the Company, unless earlier revoked
by the undersigned in a signed writing delivered to
the foregoing attorneys-in-fact at the then current
mailing address of the Corporate Legal Department
of Comerica Incorporated.
All Powers of Attorney previously granted in
connection with the foregoing matters hereby are
canceled and revoked.
IN WITNESS WHEREOF, the undersigned has caused this
Power of Attorney to be executed and made effective
as of the 2nd day of July, 2013.
/s/ Michael T. Ritchie
Michael T. Ritchie