SEC Form 4 · accession 0000028412-16-000256
COMERICA INC /NEW/ · CMA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alfred A Piergallini
Director
Period of report
Jul 26, 2016
Accepted (ET)
Jul 28, 2016 · 4:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000028412
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jul 26, 2016 | A | 1,855 | $0.00 | A | 72,415 | D | |
| Common Stock | holding | — | — | — | 750 | I | By Piergallini Family Limited Liability Limited Partnership |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | $0.00 | holding | — | — | — | Aug 8, 1988 | Aug 8, 1988 | Common Stock | 319 | 319 | D |
Explanation of responses
- F1Restricted stock units granted pursuant to the 2015 Comerica Incorporated Incentive Plan for Non-Employee Directors. Each restricted stock unit represents an unfunded, unsecured right to receive one share of Comerica common stock. The restricted stock units vest 50% on the first anniversary of the date of grant, 25% on the second anniversary of the date of grant and 25% on the third anniversary of the date of grant. Vested awards generally settle one year from the date the director leaves the Board.
- F2Includes, among other things, stock units held pursuant to a deferred compensation plan and restricted stock units as of July 26, 2016.
- F3Each restricted stock unit represents a contingent right to receive one share of Comerica common stock.
- F4The restricted stock units vest one year after the date of grant. Vested shares are settled one year after cessation of service on the Board.