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

Mar 7, 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: KEMPER DAVID W (Director, Chairman of the Board, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-06	Common Stock	F	1268	$49.06	Disposed	1109035	Direct
2007-03-07	Common Stock	S	8	$48.7	Disposed	1109027	Direct
2007-03-07	Common Stock	S	511	$48.671	Disposed	1108516	Direct
2007-03-07	Common Stock	S	581	$48.631	Disposed	1107935	Direct
2007-03-07	Common Stock	S	311	$48.67	Disposed	1107624	Direct
2007-03-07	Common Stock	S	200	$48.66	Disposed	1107424	Direct
2007-03-07	Common Stock	S	300	$48.65	Disposed	1107124	Direct
2007-03-07	Common Stock	S	300	$48.641	Disposed	1106824	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1604	Indirect
Common Stock	20981	Indirect
Common Stock	10491	Indirect
Common Stock	10492	Indirect
Common Stock	6858	Indirect
Common Stock	20985	Indirect
Common Stock	1811821	Indirect
Common Stock	43985	Indirect
Common Stock	158244	Indirect
Common Stock	20971	Indirect