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

May 17, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2016-05-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-13	Common Stock	S	10000	$47.2947	Disposed	1324570	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11019	Indirect
Common Stock	16270	Indirect
Common Stock	11019	Indirect
Common Stock	16270	Indirect
Common Stock	13601	Indirect
Common Stock	16269	Indirect
Common Stock	20636	Indirect
Common Stock	245485	Indirect
Common Stock	11012	Indirect
Common Stock	16263	Indirect

Footnotes

F1: Sale prices ranged from $47.03 to $47.44.