Sec Form 4 Filing - Beck Mary Constance @ COMERICA INC /NEW/ - 2011-01-31

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Beck Mary Constance
2. Issuer Name and Ticker or Trading Symbol
COMERICA INC /NEW/ [ CMA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP - Retail Bank
(Last) (First) (Middle)
COMERICA INCORPORATED, 1717 MAIN STREET, MC 6403
3. Date of Earliest Transaction (MM/DD/YY)
01/31/2011
(Street)
DALLAS, TX75201
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/31/2011 F 19,708 D $ 38.2 71,962 ( 1 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 60.7 11/03/2005( 2 ) 11/03/2014 Common Stock 30,000 30,000 D
Employee Stock Option (right to buy) $ 54.99 01/25/2006( 2 ) 04/21/2015 Common Stock 45,000 45,000 D
Employee Stock Option (right to buy) $ 56.47 01/24/2007( 2 ) 02/15/2016 Common Stock 34,000 34,000 D
Employee Stock Option (right to buy) $ 58.98 01/23/2008( 2 ) 01/23/2017 Common Stock 34,000 34,000 D
Employee Stock Option (right to buy) $ 37.45 01/22/2009( 2 ) 01/22/2018 Common Stock 34,000 34,000 D
Employee Stock Option (right to buy) $ 17.32 01/27/2010( 2 ) 01/27/2019 Common Stock 26,500 26,500 D
Phantom Stock Units ( 3 ) ( 4 ) 02/05/2011( 5 ) 02/05/2011( 5 ) Common Stock 13,008 13,008 D
Employee Stock Option (right to buy) $ 39.16 07/27/2011( 2 ) 07/27/2020 Common Stock 21,000 21,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Beck Mary Constance
COMERICA INCORPORATED
1717 MAIN STREET, MC 6403
DALLAS, TX75201
EVP - Retail Bank
Signatures
/s/ Nicole V. Gersch, on behalf of Mary Constance Beck through Power of Attorney 02/01/2011
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes shares acquired through employee stock plans and shares purchased with reinvested dividends as of January 31, 2011.
( 2 )The options vest in four equal annual installments beginning on the date indicated in this column.
( 3 )The phantom stock units represent a portion of the reporting person's base salary.
( 4 )Each phantom stock unit is the economic equivalent of one share of Comerica Incorporated common stock.
( 5 )Phantom stock units will be settled in cash on the earlier to occur of February 5, 2011 or the reporting person's death.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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