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: STRANGHOENER V RAYMOND (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-05	Common Stock	M	21714	$32.0112	Acquired	80869	Direct
2016-08-05	Common Stock	D	14268	$48.72	Disposed	66601	Direct
2016-08-05	Common Stock	F	2482	$48.72	Disposed	64119	Direct
2016-08-08	Common Stock	S	4964	$48.4905	Disposed	59155	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-05	Stock Appreciation Rights	$32.0112	M	21714	Disposed	2017-02-02	Common Stock (21714)	Direct

Footnotes

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