COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2016

Aug 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2016-08-05

Reporting Person: BARTH KEVIN G (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-05	Common Stock	M	28880	$30.769	Acquired	100158	Direct
2016-08-05	Common Stock	F	4200	$48.72	Disposed	95958	Direct
2016-08-05	Common Stock	D	18240	$48.72	Disposed	77718	Direct
2016-08-08	Common Stock	S	6440	$48.532	Disposed	71278	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-05	Stock Appreciation Rights	$30.769	M	28880	Disposed	2018-02-01	Common Stock (28880)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	33578	Indirect
Common Stock	12540	Indirect
Common Stock	18165	Indirect

Footnotes

F1: The stock appreciation rights vest in four equal annual installments beginning February 1, 2009.