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

Sep 18, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2015-09-16

Reporting Person: BARTH KEVIN G (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-09-16	Common Stock	M	23638	$33.6118	Acquired	92425	Direct
2015-09-16	Common Stock	F	2393	$45.15	Disposed	90032	Direct
2015-09-16	Common Stock	D	17598	$45.15	Disposed	72434	Direct
2015-09-17	Common Stock	S	3647	$45.00	Disposed	68787	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-09-16	Stock Appreciation Rights	$33.6118	M	23638	Disposed	2017-02-02	Common Stock (23638)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	30934	Indirect
Common Stock	11708	Indirect
Common Stock	17300	Indirect

Footnotes

F1: The stock appreciation rights vest in four equal annual installments beginning February 2, 2008.