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: KEMPER JONATHAN M (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-27	Common Stock	A	8357	—	Acquired	1297658	Direct
2014-01-27	Common Stock	A	3375	—	Acquired	1301033	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-27	Stock Appreciation Rights	$44.52	A	13333	Acquired	2024-01-27	Common Stock (13333)	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 stock appreciation rights vest in four equal annual installments beginning January 27, 2015.