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

Jan 26, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2018-01-24

Reporting Person: Petersen Paula S (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-24	Common Stock	A	1521	—	Acquired	17619	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-24	Stock Appreciation Rights	$58.95	A	1486	Acquired	2028-01-24	Common Stock (1486)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3344	Indirect

Footnotes

F1: All stock holding balances adjusted to include a 5% stock dividend. Record date 11/30/2017, payable 12/18/2017.

F2: The stock appreciation right vests in four equal annual installments beginning January 24, 2019.