0000028412-15-000039.txt : 20150226 0000028412-15-000039.hdr.sgml : 20150226 20150226185653 ACCESSION NUMBER: 0000028412-15-000039 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150224 FILED AS OF DATE: 20150226 DATE AS OF CHANGE: 20150226 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: FAUBION J PATRICK CENTRAL INDEX KEY: 0001498476 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10706 FILM NUMBER: 15654404 MAIL ADDRESS: STREET 1: 1717 MAIN STREET, MC-6507 CITY: DALLAS STATE: TX ZIP: 75201 FORMER NAME: FORMER CONFORMED NAME: FAUBION PAT DATE OF NAME CHANGE: 20100806 4 1 edgar.xml PRIMARY DOCUMENT X0306 4 2015-02-24 0000028412 COMERICA INC /NEW/ CMA 0001498476 FAUBION J PATRICK COMERICA INCORPORATED 1717 MAIN STREET, MC 6507 DALLAS TX 75201 0 1 0 0 Executive Vice President Common Stock 2015-02-24 4 A 0 1367 0 A 47054 D Employee Stock Option (right to buy) 54.99 2006-01-25 2015-04-21 Common Stock 6000 6000 D Employee Stock Option (right to buy) 56.47 2007-01-24 2016-02-15 Common Stock 6000 6000 D Employee Stock Option (right to buy) 58.98 2008-01-23 2017-01-23 Common Stock 6000 6000 D Employee Stock Option (right to buy) 37.45 2009-01-22 2018-01-22 Common Stock 5300 5300 D Employee Stock Option (right to buy) 34.78 2011-01-26 2020-01-26 Common Stock 15000 15000 D Employee Stock Option (right to buy) 39.10 2012-01-25 2021-01-25 Common Stock 16400 16400 D Employee Stock Option (right to buy) 29.60 2013-01-24 2022-01-24 Common Stock 14500 14500 D Employee Stock Option (right to buy) 33.79 2014-01-22 2023-01-22 Common Stock 3370 3370 D Employee Stock Option (right to buy) 49.51 2015-01-21 2024-01-21 Common Stock 3018 3018 D Employee Stock Option (right to buy) 42.32 2016-01-27 2025-01-27 Common Stock 3555 3555 D On January 22, 2013, a "target" award of 9,110 performance restricted stock units (PRSUs) was granted to the reporting person pursuant to Comerica Incorporated's long-term incentive plan. The PRSUs are settled in stock, with accrued dividend equivalents paid out annually in cash, and vest in one installment at the end of a 3-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 target award will be forfeited, with a maximum reduction of 45%. On February 25, 2014, Comerica's Governance, Compensation and Nominating Committee certified that performance was achieved for the 2013 fiscal year, and on February 24, 2015, the Committee certified that performance was achieved for the 2014 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 2014 performance results. Includes shares acquired through employee stock plans, shares purchased with reinvested dividends and stock units held pursuant to a deferred compensaton plan as of February 24, 2015. The options vest in four equal annual installments (based on the original grant amount) beginning on the date indicated in this column. /s/ Jennifer S. Perry, on behalf of Pat Faubion through Power of Attorney 2015-02-26