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

Nov 6, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2019-11-05

Reporting Person: Roller David L. (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-05	Common Stock	M	1085	$29.1172	Acquired	14715	Direct
2019-11-05	Common Stock	F	188	$66.54	Disposed	14527	Direct
2019-11-05	Common Stock	D	475	$66.54	Disposed	14052	Direct
2019-11-05	Common Stock	S	204	$66.523	Disposed	13848	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-05	Stock Appreciation Rights	$29.1172	M	1085	Disposed	2023-04-17	Common Stock (1085)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1213	Indirect

Footnotes

F1: This stock appreciation right vests in four equal annual installments beginning on April 17, 2014.