COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2007

Dec 3, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2007-11-30

Reporting Person: CLARK A BAYARD III (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-30	Common Stock	M	3414	$27.5238	Acquired	55830	Direct
2007-11-30	Common Stock	M	5742	$27.5238	Acquired	61572	Direct
2007-11-30	Common Stock	S	2017	$45.4	Disposed	59555	Direct
2007-11-30	Common Stock	S	498	$45.6	Disposed	59057	Direct
2007-11-30	Common Stock	S	110	$45.61	Disposed	58947	Direct
2007-11-30	Common Stock	S	529	$45.63	Disposed	58418	Direct
2007-11-30	Common Stock	S	300	$45.68	Disposed	58118	Direct
2007-11-30	Common Stock	S	3406	$45.74	Disposed	54712	Direct
2007-11-30	Common Stock	S	96	$45.75	Disposed	54616	Direct
2007-11-30	Common Stock	S	800	$45.78	Disposed	53816	Direct
2007-11-30	Common Stock	S	1400	$45.77	Disposed	52416	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-30	Stock Option (right to buy)	$27.5238	M	3414	Disposed	2008-02-05	Common Stock (3414)	Direct
2007-11-30	Stock Option (right to buy)	$27.5238	M	5742	Disposed	2008-02-05	Common Stock (5742)	Direct

Footnotes

F1: Stock holdings adjusted to include 5% stock dividend. Record date 11/29/2007. Payable date 12/13/2007.