COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2011

Dec 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2011-11-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-23	Common Stock	G	60	—	Disposed	25297	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1750	Indirect
Common Stock	12750	Indirect
Common Stock	12751	Indirect
Common Stock	1162536	Direct
Common Stock	12750	Indirect
Common Stock	12751	Indirect
Common Stock	9329	Indirect
Common Stock	192345	Indirect
Common Stock	25487	Indirect