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

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2005-09-14

Reporting Person: MATTHEWS ROBERT C JR (Executive Vice President)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-09-14	Common Stock	S	500	$52.3	Disposed	48548	Direct
2005-09-14	Common Stock	S	700	$52.26	Disposed	47848	Direct
2005-09-14	Common Stock	S	406	$52.25	Disposed	47442	Direct
2005-09-14	Common Stock	S	300	$52.22	Disposed	47142	Direct
2005-09-14	Common Stock	S	300	$52.21	Disposed	46842	Direct
2005-09-14	Common Stock	S	700	$52.2	Disposed	46142	Direct
2005-09-14	Common Stock	S	300	$52.11	Disposed	45842	Direct
2005-09-14	Common Stock	S	313	$52.1	Disposed	45529	Direct
2005-09-14	Common Stock	S	4354	$51.99	Disposed	41175	Direct
2005-09-14	Common Stock	S	11488	$51.98	Disposed	29687	Direct
2005-09-14	Common Stock	S	400	$51.97	Disposed	29287	Direct
2005-09-14	Common Stock	S	2357	$51.96	Disposed	26930	Direct
2005-09-14	Common Stock	S	1382	$51.95	Disposed	25548	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-09-14	Employee Stock Option (right to buy)	$21.1371	M	9007	Disposed	2007-02-04	Common Stock (9007)	Direct
2005-09-14	Employee Stock Option (right to buy)	$21.1371	M	5441	Disposed	2007-02-04	Common Stock (5441)	Direct
2005-09-14	Employee Stock Option (right to buy)	$21.1371	M	4976	Disposed	2007-02-04	Common Stock (4976)	Direct
2005-09-14	Employee Stock Option (right to buy)	$21.1371	M	518	Disposed	2007-02-04	Common Stock (518)	Direct
2005-09-14	Stock Option (right to buy)	$15.3094	M	15587	Disposed	2006-02-07	Common Stock (15587)	Direct
2005-09-14	Stock Option (right to buy)	$15.3094	M	6512	Disposed	2006-02-07	Common Stock (6512)	Direct
2005-09-14	Stock Option (right to buy)	$23.7506	M	17866	Disposed	2010-02-03	Common Stock (17866)	Direct

Security	Shares	Ownership
Common Stock	16587	Indirect

F1: The option vests in four equal annual installments beginning on February 5, 1997.

F2: The option vests in four equal annual installments beginning on February 4, 2000.