SEC Form 4

FORM 4		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 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* BERAN JOHN R (Last) (First) (Middle) 500 WOODWARD AVE. 31ST FLOOR (Street) DETROIT MI 48226 (City) (State) (Zip)	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/Chief Information Officer
	3. Date of Earliest Transaction (Month/Day/Year) 08/26/2003
	4. If Amendment, Date of Original Filed (Month/Day/Year)	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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	08/26/2003		S		2,500	D	$47.55	34,248(1)	D
Common Stock								911(2)	I	By 401(k) plan
Common Stock								8,000(2)	I	By trust(3)

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		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: 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)	$25.42							01/17/1997(4)	04/14/2006	Common Stock	12,300		12,300	D
Employee Stock Option (right to buy)	$40.25							01/20/1998(5)	04/20/2007	Common Stock	16,500		16,500	D
Employee Stock Option (right to buy)	$71.58							01/15/1999(6)	03/20/2008	Common Stock	15,000		15,000	D
Employee Stock Option (right to buy)	$66.81							01/14/2000(7)	03/19/2009	Common Stock	20,000		20,000	D
Employee Stock Option (right to buy)	$41.5							01/19/2001(8)	03/17/2010	Common Stock	17,400		17,400	D
Employee Stock Option (right to buy)	$51.43							01/22/2002(9)	05/02/2011	Common Stock	15,800		15,800	D
Employee Stock Option (right to buy)	$63.2							01/21/2003(10)	04/17/2012	Common Stock	26,000		26,000	D
Employee Stock Option (right to buy)	$40.32							01/27/2004(11)	04/17/2013	Common Stock	35,000		35,000	D

Explanation of Responses:

1. This number includes shares purchased under the CMA dividend investment plan and shares acquired through employee stock plans as of July 25, 2003.

2. As of July 25, 2003.

3. These shares are held in a trust for the benefit of the reporting person's spouse. Neither the reporting person nor his spouse is trustee, and the reporting person disclaims beneficial ownership of these shares. They are being disclosed voluntarily in accordance with new internal company policies. This report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.

4. The option vests in four equal annual installments beginning on January 17, 1997.

5. The option vests in four equal annual installments beginning on January 20, 1998.

6. The option vests in four equal annual installments beginning on January 15, 1999.

7. The option vests in four equal annual installments beginning on January 14, 2000.

8. The option vests in four equal annual installments beginning on January 19, 2001.

9. The option vests in four equal annual installments beginning on January 22, 2002.

10. The option vests in four equal annual installments beginning on January 21, 2003.

11. The option vests in four equal annual installments beginning on January 27, 2004.

	/s/ Mark W. Yonkman, on behalf of John R. Beran	08/27/2003
	** 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).
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