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

Sep 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2011-09-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-08	Common Stock	G	333	—	Disposed	1162733	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1750	Indirect
Common Stock	12750	Indirect
Common Stock	12751	Indirect
Common Stock	12750	Indirect
Common Stock	12751	Indirect
Common Stock	9268	Indirect
Common Stock	25357	Indirect
Common Stock	0	Indirect
Common Stock	192345	Indirect
Common Stock	25487	Indirect

Footnotes

F1: The balance in this holding was overstated by 2,815 shares. A restricted stock award granted in 2009 to a different employee was incorrectly placed in this holding. The stock award has been removed from the holding.

F2: The 53,462 shares in this holding were reallocated to trusts for Mr. Kemper's brother's children, of which Mr. Kemper is no longer a co-trustee and no longer has investment control over.