COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2020

Feb 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2020-02-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-05	Common Stock	M	843	$33.2141	Acquired	21482	Direct
2020-02-05	Common Stock	F	162	$70.91	Disposed	21320	Direct
2020-02-05	Common Stock	D	395	$70.91	Disposed	20925	Direct
2020-02-05	Common Stock	S	143	$70.92	Disposed	20782	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-05	Stock Appreciation Rights	$33.2141	M	843	Disposed	2024-03-05	Common Stock (843)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1267	Indirect

Footnotes

F1: The stock appreciation rights vest in four equal annual installments beginning on March 5, 2015.