COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2005

Jul 27, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2005-07-25

Reporting Person: LEADBEATER SETH M (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-07-25	Common Stock	M	20099	$28.5428	Acquired	51365	Direct
2005-07-25	Common Stock	S	13093	$54.16	Disposed	38272	Direct
2005-07-25	Common Stock	S	500	$54.17	Disposed	37772	Direct
2005-07-25	Common Stock	S	2407	$54.18	Disposed	35365	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-07-25	Stock Option (right to buy)	$28.5428	M	20099	Disposed	2009-02-01	Common Stock (20099)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4423	Indirect