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

Mar 7, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2014-03-05

Reporting Person: ABERDEEN JEFFERY D (Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-05	Common Stock	A	784	—	Acquired	31605	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-05	Stock Appreciation Rights	$44.51	A	1262	Acquired	2024-03-05	Common Stock (1262)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	16439	Indirect
Common Stock	382	Indirect
Common Stock	382	Indirect
Common Stock	1855	Indirect

Footnotes

F1: This stock appreciation right vests in four equal annual installments beginning on March 5, 2015.