0000028412-16-000185.txt : 20160225
0000028412-16-000185.hdr.sgml : 20160225
20160225165757
ACCESSION NUMBER: 0000028412-16-000185
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160223
FILED AS OF DATE: 20160225
DATE AS OF CHANGE: 20160225
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: BILSTROM JON W
CENTRAL INDEX KEY: 0001217991
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10706
FILM NUMBER: 161456671
MAIL ADDRESS:
STREET 1: 500 WOODWARD AVE
CITY: DETROIT
STATE: MI
ZIP: 48226
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2016-02-23
0000028412
COMERICA INC /NEW/
CMA
0001217991
BILSTROM JON W
COMERICA INCORPORATED
1717 MAIN STREET, MC 6404
DALLAS
TX
75201
0
1
0
0
EVP
Common Stock
2016-02-23
4
A
0
1950
0
A
83861
D
Common Stock
2000
I
by Kathy Keeler Bilstrom Trust Agency
Common Stock
1500
I
by Jon W. Bilstrom Agency
Employee Stock Option (right to buy)
58.98
2008-01-23
2017-01-23
Common Stock
25000
25000
D
Employee Stock Option (right to buy)
17.32
2010-01-27
2019-01-27
Common Stock
20300
20300
D
Employee Stock Option (right to buy)
39.16
2011-07-27
2020-07-27
Common Stock
18500
18500
D
Employee Stock Option (right to buy)
39.10
2012-01-25
2021-01-25
Common Stock
20000
20000
D
Employee Stock Option (right to buy)
29.60
2013-01-24
2022-01-24
Common Stock
19000
19000
D
Employee Stock Option (right to buy)
33.79
2014-01-22
2023-01-22
Common Stock
5000
5000
D
Employee Stock Option (right to buy)
49.51
2015-01-21
2024-01-21
Common Stock
4303
4303
D
Employee Stock Option (right to buy)
42.32
2016-01-27
2025-01-27
Common Stock
4960
4960
D
Employee Stock Option (right to buy)
32.97
2017-01-26
2026-01-26
Common Stock
5695
5695
D
On January 22, 2013, a "target" award of 13,000 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%. Previously, Comerica's Governance, Compensation and Nominating Committee certified that performance was achieved for the 2013 and 2014 fiscal years. On February 23, 2016 the Committee certified that performance was achieved for the 2015 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 2015 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 23, 2016.
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 Jon W. Bilstrom through Power of Attorney
2016-02-25