0000028412-16-000190.txt : 20160225
0000028412-16-000190.hdr.sgml : 20160225
20160225170756
ACCESSION NUMBER: 0000028412-16-000190
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: FAUBION J PATRICK
CENTRAL INDEX KEY: 0001498476
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10706
FILM NUMBER: 161456814
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
2016-02-23
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
2016-02-23
4
A
0
1365
0
A
48807
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
Employee Stock Option (right to buy
32.97
2017-01-26
2026-01-26
Common Stock
5270
5270
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%. 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 Pat Faubion through Power of Attorney
2016-02-25