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

Feb 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2011-01-28

Reporting Person: KEMPER JONATHAN M (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-28	Common Stock	A	1567	—	Acquired	1193080	Direct
2011-01-28	Common Stock	A	13000	—	Acquired	1206080	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	28289	Indirect
Common Stock	13357	Indirect
Common Stock	12144	Indirect
Common Stock	31679	Indirect
Common Stock	60936	Indirect
Common Stock	150686	Indirect
Common Stock	53462	Indirect
Common Stock	117781	Indirect
Common Stock	25477	Indirect
Common Stock	192345	Indirect