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

Mar 8, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2007-03-06

Reporting Person: KIM CHARLES G (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-06	Common Stock	F	292	$49.06	Disposed	17790	Direct
2007-03-06	Common Stock	M	10547	$28.9	Acquired	28337	Direct
2007-03-06	Common Stock	M	6894	$28.9	Acquired	35231	Direct
2007-03-06	Common Stock	S	364	$49.041	Disposed	34867	Direct
2007-03-06	Common Stock	S	2161	$49.09	Disposed	32706	Direct
2007-03-06	Common Stock	S	2589	$49.091	Disposed	30117	Direct
2007-03-06	Common Stock	S	1475	$49.1	Disposed	28642	Direct
2007-03-06	Common Stock	S	500	$49.101	Disposed	28142	Direct
2007-03-06	Common Stock	S	3004	$49.11	Disposed	25138	Direct
2007-03-06	Common Stock	S	996	$49.12	Disposed	24142	Direct
2007-03-06	Common Stock	S	1000	$49.121	Disposed	23142	Direct
2007-03-06	Common Stock	S	1100	$49.14	Disposed	22042	Direct
2007-03-06	Common Stock	S	1000	$49.141	Disposed	21042	Direct
2007-03-06	Common Stock	S	182	$49.15	Disposed	20860	Direct
2007-03-06	Common Stock	S	400	$49.16	Disposed	20460	Direct
2007-03-06	Common Stock	S	618	$49.17	Disposed	19842	Direct
2007-03-06	Common Stock	S	1500	$49.19	Disposed	18342	Direct
2007-03-06	Common Stock	S	552	$49.191	Disposed	17790	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-06	Stock Option (right to buy)	$28.9	M	10547	Disposed	2008-02-04	Common Stock (10547)	Direct
2007-03-06	Stock Option (right to buy)	$28.9	M	6894	Disposed	2008-02-05	Common Stock (6894)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9627	Indirect