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

Mar 9, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2005-03-07

Reporting Person: LEADBEATER SETH M (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-03-07	Common Stock	M	5494	$21.1371	Acquired	34125	Direct
2005-03-07	Common Stock	F	2425	$47.88	Disposed	31700	Direct
2005-03-07	Common Stock	S	2000	$48	Disposed	29700	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-03-07	Employee Stock Option (right to buy)	$21.1371	M	5494	Disposed	2007-02-04	Common Stock (5494)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4423	Indirect