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: Roller David L. (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-04	Common Stock	M	2129	$31.2813	Acquired	25603	Direct
2021-03-04	Common Stock	F	378	$75.2655	Disposed	25225	Direct
2021-03-04	Common Stock	D	885	$75.2655	Disposed	24340	Direct
2021-03-04	Common Stock	S	866	$75.1302	Disposed	23474	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-04	Stock Appreciation Rights	$31.2813	M	2129	Disposed	2025-03-03	Common Stock (2129)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1408	Indirect

Footnotes

F1: Sale prices ranged from $75.08 to $75.19.

F2: The stock appreciation rights vest in four equal annual installments beginning on March 3, 2016.