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

Nov 15, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2007-11-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-14	Common Stock	M	8720	$28.9	Acquired	58640	Direct
2007-11-14	Common Stock	S	3	$47.98	Disposed	58637	Direct
2007-11-14	Common Stock	S	1000	$47.95	Disposed	57637	Direct
2007-11-14	Common Stock	S	300	$47.94	Disposed	57337	Direct
2007-11-14	Common Stock	S	100	$47.9	Disposed	57237	Direct
2007-11-14	Common Stock	S	200	$47.88	Disposed	57037	Direct
2007-11-14	Common Stock	S	196	$47.86	Disposed	56841	Direct
2007-11-14	Common Stock	S	100	$47.85	Disposed	56741	Direct
2007-11-14	Common Stock	S	200	$47.82	Disposed	56541	Direct
2007-11-14	Common Stock	S	400	$47.81	Disposed	56141	Direct
2007-11-14	Common Stock	S	1100	$47.8	Disposed	55041	Direct
2007-11-14	Common Stock	S	1200	$47.79	Disposed	53841	Direct
2007-11-14	Common Stock	S	900	$47.76	Disposed	52941	Direct
2007-11-14	Common Stock	S	200	$47.75	Disposed	52741	Direct
2007-11-14	Common Stock	S	100	$47.71	Disposed	52641	Direct
2007-11-14	Common Stock	S	100	$47.7	Disposed	52541	Direct
2007-11-14	Common Stock	S	2100	$47.689	Disposed	50441	Direct
2007-11-14	Common Stock	S	321	$47.68	Disposed	50120	Direct
2007-11-14	Common Stock	S	200	$47.67	Disposed	49920	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-14	Stock Option (right to buy)	$28.9	M	8720	Disposed	2008-02-05	Common Stock (8720)	Direct