0000028412-16-000191.txt : 20160225 0000028412-16-000191.hdr.sgml : 20160225 20160225170954 ACCESSION NUMBER: 0000028412-16-000191 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: MICHALAK MICHAEL H CENTRAL INDEX KEY: 0001270316 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10706 FILM NUMBER: 161456841 MAIL ADDRESS: STREET 1: 500 WOODWARD AVENUE MC/3379 CITY: DETROIT STATE: MI ZIP: 48226 4 1 edgar.xml PRIMARY DOCUMENT X0306 4 2016-02-23 0000028412 COMERICA INC /NEW/ CMA 0001270316 MICHALAK MICHAEL H 1717 MAIN STREET MC 6406 DALLAS TX 75201 0 1 0 0 Executive Vice President Common Stock 2016-02-23 4 A 0 840 0 A 39029 D Employee Stock Option (right to buy) 58.98 2008-01-23 2017-01-23 Common Stock 5000 5000 D Employee Stock Option (right to buy) 37.45 2009-01-22 2018-01-22 Common Stock 7000 7000 D Employee Stock Option (right to buy) 17.32 2010-01-27 2019-01-27 Common Stock 7000 7000 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 8000 8000 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 1857 1857 D Employee Stock Option (right to buy) 42.32 2016-01-27 2025-01-27 Common Stock 3500 3500 D Employee Stock Option (right to buy 32.97 2017-01-26 2026-01-26 Common Stock 4520 4520 D On January 22, 2013, a "target" award of 5,610 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 Michael H. Michalak through Power of Attorney 2016-02-25