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

Mar 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2021-02-25

Reporting Person: Neff Douglas D (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-25	Common Stock	M	1998	$26.4102	Acquired	8201	Direct
2021-02-25	Common Stock	F	459	$76.805	Disposed	7742	Direct
2021-02-25	Common Stock	D	688	$76.805	Disposed	7054	Direct
2021-02-25	Common Stock	S	851	$76.80	Disposed	6203	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-25	Stock Appreciation Rights	$26.4102	M	1998	Disposed	2023-04-17	Common Stock (1998)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	512	Indirect

Footnotes

F1: The stock appreciation rights vest in four equal annual installments beginning April 17, 2014.