UMB FINANCIAL CORP — Director's Dealing 2004

May 18, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UMB FINANCIAL CORP (UMBF)
CIK: 0000101382
Period of Report: 2004-05-17

Reporting Person: DIETRICH SHEILA KEMPER (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-17	Common Stock	M	560	$22.57	Acquired	14178.00	Direct
2004-05-17	Common Stock	M	700	$31.23	Acquired	14878.00	Direct
2004-05-17	Common Stock	M	637	$30.34	Acquired	15515.00	Direct
2004-05-17	Common Stock	M	728	$43.60	Acquired	16243.00	Direct
2004-05-17	Common Stock	M	809	$38.90	Acquired	17052.00	Direct
2004-05-17	Common Stock	S	2375	$49.25	Disposed	14677.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-17	Stock Option (right to buy)	$22.57	M	560	Disposed	2004-11-07	Common Stock (560.00)	Direct
2004-05-17	Stock Option (right to buy)	$31.23	M	700	Disposed	2005-11-27	Common Stock (700.00)	Direct
2004-05-17	Stock Option (right to buy)	$30.34	M	637	Disposed	2006-10-18	Common Stock (637.00)	Direct
2004-05-17	Stock Option (right to buy)	$43.60	M	728	Disposed	2007-10-08	Common Stock (728.00)	Direct
2004-05-17	Stock Option (right to buy)	$38.90	M	809	Disposed	2008-11-19	Common Stock (809.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17.83	Indirect
Common Stock	1257.99	Indirect
Common Stock	6162.00	Indirect
Common Stock	26.14	Indirect
Common Stock	12.44	Indirect
Common Stock	109.02	Indirect

Footnotes

F1: Options vest 40% after 2 years; 60% after 3 years; 80% after 4 years; 100% after 4 years, 11 months