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

Jan 29, 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: BARTH KEVIN G (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-27	Common Stock	A	5143	—	Acquired	65868	Direct
2014-01-27	Common Stock	A	2661	—	Acquired	68529	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-27	Stock Appreciation Rights	$44.52	A	8205	Acquired	2024-01-27	Common Stock (8205)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27256	Indirect
Common Stock	10858	Indirect
Common Stock	16477	Indirect

Footnotes

F1: The stock appreciation rights vest in four equal annual installments beginning January 27, 2015.