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

Jun 18, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2014-06-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-16	Common Stock	M	4428	$34.891	Acquired	28791	Direct
2014-06-16	Common Stock	F	325	$44.77	Disposed	28466	Direct
2014-06-16	Common Stock	D	3451	$44.77	Disposed	25015	Direct
2014-06-17	Common Stock	S	600	$45.702	Disposed	24415	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-06-16	Stock Appreciation Rights	$34.891	M	4428	Disposed	2016-02-28	Common Stock (4428)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10715	Indirect
Common Stock	237	Indirect