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

Feb 5, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2020-02-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-03	Common Stock	A	6099	—	Acquired	20639	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-03	Stock Appreciation Rights	$68.68	A	3166	Acquired	2030-02-03	Common Stock (3166)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1267	Indirect

Footnotes

F1: All stock holding balances adjusted to include a 5% stock dividend. Record date 12/3/2019, payable 12/18/2019.

F2: The stock appreciation right vests in four equal annual installments beginning February 3, 2021.