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

Sep 18, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2019-04-23

Reporting Person: Kemper John W (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-04-23	Common Stock	G	110	—	Disposed	152280	Direct
2019-09-16	Common Stock	M	7144	$29.1173	Acquired	152280	Direct
2019-09-16	Common Stock	F	1683	$61.47	Disposed	145136	Direct
2019-09-16	Common Stock	D	3384	$61.47	Disposed	146819	Direct
2019-09-16	Common Stock	S	2077	$61.4503	Disposed	150203	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-09-16	Stock Appreciation Rights	$29.1173	M	7144	Disposed	2023-04-17	Common Stock (7144)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	201901	Indirect

Footnotes

F1: Sale prices ranged from $61.449 to $61.475.

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