0000028412-16-000193.txt : 20160225 0000028412-16-000193.hdr.sgml : 20160225 20160225171327 ACCESSION NUMBER: 0000028412-16-000193 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: PARKHILL KAREN L CENTRAL INDEX KEY: 0001527660 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10706 FILM NUMBER: 161456880 MAIL ADDRESS: STREET 1: 1717 MAIN STREET, MC 6402 CITY: DALLAS STATE: TX ZIP: 75201 4 1 edgar.xml PRIMARY DOCUMENT X0306 4 2016-02-23 0000028412 COMERICA INC /NEW/ CMA 0001527660 PARKHILL KAREN L 1717 MAIN STREET, MC-6402 DALLAS TX 75201 0 1 0 0 Vice Chairman and CFO Common Stock 2016-02-23 4 A 0 2250 0 A 87123 D Employee Stock Option (right to buy) 25.59 2012-08-31 2021-08-31 Common Stock 60000 60000 D Employee Stock Option (right to buy) 29.60 2013-01-24 2022-01-24 Common Stock 21000 21000 D Employee Stock Option (right to buy) 33.79 2014-01-22 2023-01-22 Common Stock 5500 5500 D Employee Stock Option (right to buy) 49.51 2015-01-21 2024-01-21 Common Stock 6385 6385 D Employee Stock Option (right to buy) 42.32 2016-01-27 2025-01-27 Common Stock 7220 7220 D Employee Stock Option (right to buy 32.97 2017-01-26 2026-01-26 Common Stock 8285 8285 D On January 22, 2013, a "target" award of 15,000 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 and restricted stock units 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 Karen L. Parkhill through Power of Attorney 2016-02-25