COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2015

Nov 10, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2015-11-06

Reporting Person: KEMPER DAVID W (Director, Chairman of the Board, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-06	Common Stock	S	5000	$48.0537	Disposed	10495	Indirect
2015-11-06	Common Stock	S	5000	$48.0165	Disposed	10495	Indirect
2015-11-06	Common Stock	S	5000	$47.9918	Disposed	10488	Indirect
2015-11-09	Common Stock	S	25000	$47.8147	Disposed	1270823	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15496	Indirect
Common Stock	15496	Indirect
Common Stock	12823	Indirect
Common Stock	19096	Indirect
Common Stock	15495	Indirect
Common Stock	233796	Indirect
Common Stock	15489	Indirect

Footnotes

F1: Sale prices ranged from $48.0404 to $48.07.

F2: Sale prices ranged from $47.9904 to $48.04.

F3: Sale prices ranged from $47.99 to $48.00.

F4: Sale prices ranged from $47.7104 to $48.02.