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 *

Guilfoile Peter William
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)
Executive Vice President
(Last)          (First)          (Middle)

1717 MAIN STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

2/25/2020
(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
Common Stock 2/25/2020  A  6315 (1)A$0 21527 (2)D 
 
Common Stock 2/25/2020  F  2485 D$56.79 19042 (2)D 
 

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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (Right to Buy) $33.79           1/22/2014 (3)1/22/2023 Common Stock 3300  3300 D 
 
Employee Stock Option (Right to Buy) $49.51           1/21/2015 (3)1/21/2024 Common Stock 1578  1578 D 
 
Employee Stock Option (Right to Buy) $42.32           1/27/2016 (3)1/27/2025 Common Stock 2270  2270 D 
 
Employee Stock Option (Right to Buy) $32.97           1/26/2017 (3)1/26/2026 Common Stock 3515  3515 D 
 
Employee Stock Option (right to buy) $67.66           1/24/2018 (3)1/24/2027 Common Stock 1925  1925 D 
 
Employee Stock Option (right to buy) $95.25           1/23/2019 (3)1/23/2028 Common Stock 1500  1500 D 
 
Employee Stock Option (right to buy) $80.17           1/22/2020 (3)1/22/2029 Common Stock 2110  2110 D 
 
Employee Stock Option (right to buy) $63.15           1/28/2021 (3)1/28/2030 Common Stock 3920  3920 D 
 

Explanation of Responses:
(1) On January 24, 2017, a "target" award of 4,210 performance restricted stock units ("SELTPP units") was granted to the reporting person pursuant to Comerica Incorporated's long-term incentive plan. The SELTPP units are settled in stock and vest in one installment following certification of results for a three-year performance period. The performance period ended on December 31, 2019, and on February 25, 2020, the SELTPP units vested upon Comerica's Governance, Compensation and Nominating Committee certification that (1) performance was achieved at 150% based upon satisfaction of a three-year average return on common equity excluding certain nonperformance items performance goal and (2) the negative total shareholder return modifier of 10 percentage points would not be applied based upon satisfaction of a relative total shareholder return goal.
(2) Includes shares acquired through employee stock plans, restricted stock units and shares purchased with reinvested dividends as of February 25, 2020.
(3) 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
Director10% OwnerOfficerOther
Guilfoile Peter William
1717 MAIN STREET
DALLAS, TX 75201


Executive Vice President

Signatures
/s/ Jennifer S. Perry, on behalf of Peter W. Guilfoile through Power of Attorney2/27/2020
**Signature of Reporting PersonDate

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