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

Mar 6, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2014-03-04

Reporting Person: RAUSCHER ROBERT (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-04	Common Stock	M	9768	$30.628	Acquired	39371	Direct
2014-03-04	Common Stock	S	7750	$44.8255	Disposed	31621	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-04	Non-qualified Stock Option (Right to Buy)	$30.628	M	9768	Disposed	2014-03-05	Common Stock (9768)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8187	Indirect

Footnotes

F1: Sale prices ranged from $44.85 to $44.82.

F2: The option vests in four equal annual installments beginning on March 5, 2004.