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

Mar 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2021-03-01

Reporting Person: Handy John K (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-01	Common Stock	F	550	$76.02	Disposed	42168	Direct
2021-03-02	Common Stock	F	461	$74.36	Disposed	41707	Direct
2021-03-02	Common Stock	M	592	$48.3831	Acquired	42299	Direct
2021-03-02	Common Stock	F	63	$75.28	Disposed	42236	Direct
2021-03-02	Common Stock	D	381	$75.28	Disposed	41855	Direct
2021-03-02	Common Stock	S	1301	$75.28	Disposed	40554	Direct
2021-03-03	Common Stock	S	1234	$74.86	Disposed	39320	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-02	Stock Appreciation Rights	$48.3831	M	592	Disposed	2027-03-02	Common Stock (592)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	789	Indirect
Common Stock	1552	Indirect
Common Stock	2068	Indirect
Common Stock	7959	Indirect

Footnotes

F1: This stock appreciation rights vest in four equal annual installments beginning on March 2, 2018.