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

Jun 9, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2015-06-05

Reporting Person: ABERDEEN JEFFERY D (Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-05	Common Stock	M	5890	$33.2295	Acquired	39580	Direct
2015-06-05	Common Stock	F	554	$46.02	Disposed	39026	Direct
2015-06-05	Common Stock	D	4253	$46.02	Disposed	34773	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-05	Stock Appreciation Rights	$33.2295	M	5890	Disposed	2016-02-29	Common Stock (5890)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18870	Indirect
Common Stock	401	Indirect
Common Stock	401	Indirect
Common Stock	1950	Indirect

Footnotes

F1: The stock appreciation rights vest in four equal annual installments beginning on February 28, 2007.