0000028412-14-000076.txt : 20140227 0000028412-14-000076.hdr.sgml : 20140227 20140227175806 ACCESSION NUMBER: 0000028412-14-000076 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140225 FILED AS OF DATE: 20140227 DATE AS OF CHANGE: 20140227 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: 14650637 MAIL ADDRESS: STREET 1: 411 WEST LAFAYETTE, MC-3247 CITY: DETROIT STATE: MI ZIP: 48226 4 1 edgar.xml PRIMARY DOCUMENT X0306 4 2014-02-25 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 2014-02-25 4 A 0 810 0 A 19221 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) 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 Employee Stock Option (right to buy) 49.51 2015-01-21 2024-01-21 Common Stock 2592 2592 D On January 22, 2013, a "target" award of 5,400 performance restricted stock units (PRSUs) was 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 equivalents 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 forfeited, with a maximum reduction of 45% of the target award. On February 25, 2014, the Governance, Compensation and Nominating Committee of Comerica Incorporated certified that performance was achieved for the 2013 fiscal year. The number of PRSUs reported in this Form 4 represents the additional portion of the award that is not subject to reduction due to the achievement of the 2013 performance results. Includes shares acquired through employee stock plans, shares purchased with reinvested dividends and stock units held pursuant to a deferred compensation plan as of February 25, 2014. The options vest in four equal annual installments beginning on the date indicated in this column. /s/ Jennifer S. Perry on behalf of Michael T. Ritchie through Power of Attorney 2014-02-27