COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2018

Aug 21, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2018-08-20

Reporting Person: FOSTER SARA E (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-20	Common Stock	M	4560	$35.4001	Acquired	48455	Direct
2018-08-20	Common Stock	F	1038	$71.29	Disposed	47417	Direct
2018-08-20	Common Stock	D	2265	$71.29	Disposed	45152	Direct
2018-08-21	Common Stock	S	1257	$71.653	Disposed	43895	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-20	Stock Appreciation Rights	$35.4001	M	4560	Disposed	2025-01-27	Common Stock (4560)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8223	Indirect

Footnotes

F1: The stock appreciation rights vest in four equal annual installments beginning January 27, 2016.