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: PETRIE MICHAEL J (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-27	Common Stock	A	1382	—	Acquired	13852	Direct
2014-01-27	Common Stock	A	829	—	Acquired	14681	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-27	Stock Appreciation Rights	$44.52	A	2205	Acquired	2024-01-27	Common Stock (2205)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	32406	Indirect

Footnotes

F1: Stock holdings adjusted to include 5% stock dividend. Record date 11/29/2013 and payable 12/16/2013.

F2: The stock appreciation rights vest in four equal annual installments beginning January 27, 2015.