COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2014

Aug 29, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2014-08-27

Reporting Person: BARTH KEVIN G (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-27	Common Stock	M	23265	$30.3996	Acquired	88689	Direct
2014-08-27	Common Stock	S	23265	$46.0111	Disposed	65424	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-27	Non-qualified Stock Option (Right to Buy)	$30.3996	M	23265	Disposed	2015-01-28	Common Stock (23265)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	28283	Indirect
Common Stock	10963	Indirect
Common Stock	16477	Indirect

Footnotes

F1: Sale prices ranged from $46.00 to 46.07.

F2: The option vests in four equal annual installments beginning on January 28, 2005.