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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

BILSTROM JON W
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
(Last)          (First)          (Middle)

COMERICA INCORPORATED, 1717 MAIN STREET, MC 6404
3. Date of Earliest Transaction (MM/DD/YYYY)

1/26/2016
(Street)

DALLAS, TX 75201
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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)   $56.47                    1/24/2007   (1) 2/15/2016   Common Stock   25000     25000   D  
 
Employee Stock Option (right to buy)   $58.98                    1/23/2008   (1) 1/23/2017   Common Stock   25000     25000   D  
 
Employee Stock Option (right to buy)   $17.32                    1/27/2010   (1) 1/27/2019   Common Stock   20300     20300   D  
 
Employee Stock Option (right to buy)   $39.16                    7/27/2011   (1) 7/27/2020   Common Stock   18500     18500   D  
 
Employee Stock Option (right to buy)   $39.10                    1/25/2012   (1) 1/25/2021   Common Stock   20000     20000   D  
 
Employee Stock Option (right to buy)   $29.60                    1/24/2013   (1) 1/24/2022   Common Stock   19000     19000   D  
 
Employee Stock Option (right to buy)   $33.79                    1/22/2014   (1) 1/22/2023   Common Stock   5000     5000   D  
 
Employee Stock Option (right to buy)   $49.51                    1/21/2015   (1) 1/21/2024   Common Stock   4303     4303   D  
 
Employee Stock Option (right to buy)   $42.32                    1/27/2016   (1) 1/27/2025   Common Stock   4960     4960   D  
 
Employee Stock Option (right to buy)   $32.97   1/26/2016     A      5695       1/26/2017   (1) 1/26/2026   Common Stock   5695   $0   5695   D  
 

Explanation of Responses:
( 1)  The options vest in four equal annual installments (based on the original grant amount) beginning on the date indicated in this column.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BILSTROM JON W
COMERICA INCORPORATED
1717 MAIN STREET, MC 6404
DALLAS, TX 75201


EVP

Signatures
/s/ Jennifer S. Perry, on behalf of Jon W. Bilstrom through Power of Attorney 1/28/2016
** Signature of Reporting Person Date


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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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