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

Jun 20, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2014-06-18

Reporting Person: FOSTER SARA E (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-18	Common Stock	M	13957	$30.3996	Acquired	47244	Direct
2014-06-18	Common Stock	S	13957	$46.00	Disposed	33287	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-06-18	Non-qualified Stock Option (Right to Buy)	$30.3996	M	13957	Disposed	2015-01-28	Common Stock (13957)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17791	Indirect

Footnotes

F1: The option vests in four equal annual installments beginning on January 28, 2005.