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

Feb 24, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2009-02-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-23	Common Stock	S	100	$33.55	Disposed	1236125	Direct
2009-02-23	Common Stock	S	100	$33.54	Disposed	1236025	Direct
2009-02-23	Common Stock	S	304	$33.51	Disposed	1235721	Direct
2009-02-23	Common Stock	S	3996	$33.5	Disposed	1231725	Direct
2009-02-23	Common Stock	S	100	$33.47	Disposed	1231625	Direct
2009-02-23	Common Stock	S	100	$33.46	Disposed	1231525	Direct
2009-02-23	Common Stock	S	200	$33.43	Disposed	1231325	Direct
2009-02-23	Common Stock	S	500	$33.38	Disposed	1230825	Direct
2009-02-23	Common Stock	S	300	$33.36	Disposed	1230525	Direct
2009-02-23	Common Stock	S	200	$33.32	Disposed	1230325	Direct
2009-02-23	Common Stock	S	100	$33.31	Disposed	1230225	Direct
2009-02-23	Common Stock	S	226	$33.3	Disposed	1229999	Direct
2009-02-23	Common Stock	S	100	$33.29	Disposed	1229899	Direct
2009-02-23	Common Stock	S	100	$33.28	Disposed	1229799	Direct
2009-02-23	Common Stock	S	500	$33.27	Disposed	1229299	Direct
2009-02-23	Common Stock	S	1339	$33.25	Disposed	1227960	Direct
2009-02-23	Common Stock	S	300	$33.22	Disposed	1227660	Direct
2009-02-23	Common Stock	S	200	$33.21	Disposed	1227460	Direct
2009-02-23	Common Stock	S	300	$33.18	Disposed	1227160	Direct
2009-02-23	Common Stock	S	500	$33.17	Disposed	1226660	Direct
2009-02-23	Common Stock	S	400	$33.16	Disposed	1226260	Direct
2009-02-23	Common Stock	S	500	$33.15	Disposed	1225760	Direct
2009-02-23	Common Stock	S	200	$33.13	Disposed	1225560	Direct
2009-02-23	Common Stock	S	402	$33.14	Disposed	1225158	Direct
2009-02-23	Common Stock	S	600	$33.12	Disposed	1224558	Direct
2009-02-23	Common Stock	S	800	$33.11	Disposed	1223758	Direct
2009-02-23	Common Stock	S	700	$33.1	Disposed	1223058	Direct
2009-02-23	Common Stock	S	198	$33.09	Disposed	1222860	Direct
2009-02-23	Common Stock	S	600	$33.08	Disposed	1222260	Direct
2009-02-23	Common Stock	S	3	$33.07	Disposed	1222257	Direct