COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2006

Apr 20, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2006-04-18

Reporting Person: KEMPER JONATHAN M (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-04-18	Common Stock	S	573	$51.66	Disposed	217802	Indirect
2006-04-18	Common Stock	S	200	$51.68	Disposed	217602	Indirect
2006-04-18	Common Stock	S	1727	$51.5878	Disposed	215875	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	931923	Direct
Common Stock	18452	Indirect
Common Stock	19982	Indirect
Common Stock	24823	Indirect
Common Stock	41876	Indirect
Common Stock	118069	Indirect
Common Stock	41891	Indirect
Common Stock	19963	Indirect
Common Stock	150709	Indirect

Footnotes

F1: Shares were sold at a price range of $51.52 to $51.60.