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

Mar 8, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2021-03-04

Reporting Person: STEINER PAUL A (Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-04	Common Stock	A	267	—	Acquired	2134	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-04	Stock Appreciation Rights	$74.71	A	1149	Acquired	2031-03-04	Common Stock (1149)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4523	Indirect

Footnotes

F1: The stock appreciation right vests in four equal annual installments beginning March 4, 2022.