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

Feb 9, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2016-02-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-05	Common Stock	F	2971	$41.13	Disposed	1351507	Direct
2016-02-06	Common Stock	F	4183	$41.00	Disposed	1347324	Direct
2016-02-09	Common Stock	S	12646	$40.994	Disposed	1334678	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	13533	Indirect
Common Stock	16269	Indirect
Common Stock	20405	Indirect
Common Stock	245485	Indirect
Common Stock	11012	Indirect
Common Stock	16263	Indirect

Footnotes

F1: Sale prices ranged from $40.99 to $41.00.