COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2021

Mar 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2021-03-12

Reporting Person: STEINER PAUL A (Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-12	Common Stock	M	637	$31.2813	Acquired	2771	Direct
2021-03-12	Common Stock	F	141	$80.675	Disposed	2630	Direct
2021-03-12	Common Stock	D	247	$80.675	Disposed	2383	Direct
2021-03-12	Common Stock	S	932	$80.85	Disposed	1451	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-12	Stock Appreciation Rights	$31.2813	M	637	Disposed	2025-03-03	Common Stock (637)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4523	Indirect

Footnotes

F1: The stock appreciation rights vest in four equal annual installments beginning on March 3, 2016.