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