COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2017

Oct 25, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2017-10-23

Reporting Person: STRANGHOENER V RAYMOND (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-10-23	Common Stock	M	24972	$29.3038	Acquired	72084	Direct
2017-10-23	Common Stock	F	5894	$57.72	Disposed	66190	Direct
2017-10-23	Common Stock	D	12679	$57.72	Disposed	53511	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-10-23	Stock Appreciation Rights	$29.3038	M	24972	Disposed	2018-02-01	Common Stock (24972)	Direct

Footnotes

F1: The stock appreciation right vests in four equal annual installments beginning on February 1, 2009.