COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2009

Mar 11, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2009-03-10

Reporting Person: KEMPER DAVID W (Director, Chairman of the Board, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-03-10	Common Stock	S	100	$30.38	Disposed	1214850	Direct
2009-03-10	Common Stock	S	300	$30.37	Disposed	1214550	Direct
2009-03-10	Common Stock	S	100	$30.36	Disposed	1214450	Direct
2009-03-10	Common Stock	S	100	$30.35	Disposed	1214350	Direct
2009-03-10	Common Stock	S	767	$30.33	Disposed	1213583	Direct
2009-03-10	Common Stock	S	623	$30.32	Disposed	1212960	Direct
2009-03-10	Common Stock	S	300	$30.31	Disposed	1212660	Direct
2009-03-10	Common Stock	S	433	$30.3	Disposed	1212227	Direct
2009-03-10	Common Stock	S	100	$30.29	Disposed	1212127	Direct
2009-03-10	Common Stock	S	100	$30.28	Disposed	1212027	Direct
2009-03-10	Common Stock	S	200	$30.24	Disposed	1211827	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4220	Indirect
Common Stock	23131	Indirect
Common Stock	11565	Indirect
Common Stock	11566	Indirect
Common Stock	7906	Indirect
Common Stock	23060	Indirect
Common Stock	1997528	Indirect
Common Stock	48493	Indirect
Common Stock	174463	Indirect
Common Stock	23119	Indirect