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

Feb 1, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2017-01-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-30	Common Stock	F	3337	$56.50	Disposed	1262372	Direct
2017-01-31	Common Stock	S	8726	$56.5099	Disposed	1253646	Direct
2017-01-30	Common Stock	J	688	$56.50	Acquired	19681	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11569	Indirect
Common Stock	17083	Indirect
Common Stock	11569	Indirect
Common Stock	17083	Indirect
Common Stock	14468	Indirect
Common Stock	17082	Indirect
Common Stock	257759	Indirect
Common Stock	11562	Indirect
Common Stock	17076	Indirect

Footnotes

F1: Sale prices ranged from $56.4501 to $56.5350.

F2: Vesting of a restricted stock award.