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