COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2019

Dec 2, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2019-11-27

Reporting Person: KIM CHARLES G (Exec. Vice President and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-27	Common Stock	M	14288	$29.1173	Acquired	85387	Direct
2019-11-27	Common Stock	F	3624	$67.23	Disposed	81763	Direct
2019-11-27	Common Stock	D	6189	$67.23	Disposed	75574	Direct
2019-11-27	Common Stock	S	4475	$67.3411	Disposed	71099	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-27	Stock Appreciation Rights	$29.1173	M	14288	Disposed	2023-04-17	Common Stock (14288)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	31461	Indirect

Footnotes

F1: Sale prices ranged from $67.21 to $67.56.

F2: This stock appreciation right vests in four equal annual installments beginning on April 17, 2014.