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

Jan 21, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2011-01-19

Reporting Person: Callahan Daniel D. (Exec Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-19	Common Stock	S	3454	$42.08	Disposed	3541	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10830	Direct

Footnotes

F1: Stock holdings adjusted to include 5% stock dividend. Record date 12/6/2010, payable 12/20/2010.