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

Mar 4, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2014-02-28

Reporting Person: KEMPER JONATHAN M (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-28	Common Stock	M	58636	$30.628	Acquired	1357623	Direct
2014-02-28	Common Stock	F	46758	$44.66	Disposed	1310865	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-28	Non-qualified Stock Option (Right to Buy)	$30.628	M	58636	Disposed	2014-03-05	Common Stock (58636)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	37471	Indirect
Common Stock	15461	Indirect
Common Stock	34686	Indirect
Common Stock	20629	Indirect
Common Stock	14330	Indirect
Common Stock	78708	Indirect
Common Stock	174437	Indirect
Common Stock	68211	Indirect
Common Stock	28025	Indirect
Common Stock	7395	Indirect
Common Stock	222663	Indirect

Footnotes

F1: The option vests in four equal annual installments beginning on March 5, 2004.