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

Apr 20, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2017-02-14

Reporting Person: PETRIE MICHAEL J (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-14	Common Stock	S	1147	$57.002	Disposed	14191	Direct
2017-04-19	Common Stock	M	870	$32.1019	Acquired	13147	Direct
2017-04-19	Common Stock	F	121	$54.03	Disposed	13026	Direct
2017-04-19	Common Stock	D	517	$54.03	Disposed	12509	Direct
2017-04-20	Common Stock	S	232	$54.8335	Disposed	12277	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-04-19	Stock Appreciation Rights	$32.1019	M	870	Disposed	2023-04-17	Common Stock (870)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	25336	Indirect