0000028412-16-000187.txt : 20160225
0000028412-16-000187.hdr.sgml : 20160225
20160225170143
ACCESSION NUMBER: 0000028412-16-000187
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: Carr Muneera S
CENTRAL INDEX KEY: 0001485017
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10706
FILM NUMBER: 161456726
MAIL ADDRESS:
STREET 1: 1717 MAIN STREET
STREET 2: MAIL CODE 6500
CITY: DALLAS
STATE: TX
ZIP: 75201
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2016-02-23
0000028412
COMERICA INC /NEW/
CMA
0001485017
Carr Muneera S
COMERICA INCORPORATED
1717 MAIN STREET, MC 6500
DALLAS
TX
75201
0
1
0
0
EVP & Chief Accounting Officer
Common Stock
2016-02-23
4
A
0
627
0
A
13021
D
Employee Stock Option (right to buy)
37.26
2011-03-15
2020-03-15
Common Stock
2500
2500
D
Employee Stock Option (right to buy)
39.10
2012-01-25
2021-01-25
Common Stock
6500
6500
D
Common Stock Warrants (right to buy)
29.40
2011-08-05
2018-11-14
Common Stock
1000
1000
D
Employee Stock Option (right to buy)
29.60
2013-01-24
2022-01-24
Common Stock
5800
5800
D
Employee Stock Option (right to buy)
33.79
2014-01-22
2023-01-22
Common Stock
1500
1500
D
Employee Stock Option (right to buy)
49.51
2015-01-21
2024-01-21
Common Stock
1845
1845
D
Employee Stock Option (right to buy)
42.32
2016-01-27
2025-01-27
Common Stock
2130
2130
D
Employee Stock Option (right to buy)
32.97
2017-01-26
2026-01-26
Common Stock
2490
2490
D
On January 22, 2013, a "target" award of 4,180 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 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 Muneera S. Carr through Power of Attorney
2016-02-25