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

Jan 30, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2014-01-27

Reporting Person: LEADBEATER SETH M (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-27	Common Stock	A	2193	—	Acquired	93652	Direct
2014-01-27	Common Stock	A	1005	—	Acquired	94657	Direct
2014-01-27	Common Stock	A	1000	—	Acquired	95657	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-27	Stock Appreciation Rights	$44.52	A	3500	Acquired	2024-01-27	Common Stock (3500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6628	Indirect

Footnotes

F1: The stock appreciation rights vest on January 27, 2016.