Richard W Heise Form 3 COMMERCE BANCSHARES / RICHARD W HEISE ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

HEISE RICHARD W

(Last) (First) (Middle)

1000 WALNUT ST.

(Street)

KANSAS CITY MO 64106

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/20/2022

3. Issuer Name and Ticker or Trading Symbol
COMMERCE BANCSHARES INC /MO/ [ CBSH ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Senior Vice President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	9,693	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Rights	03/01/2019(1)	03/01/2028	Common Stock	989	47.5769	D
Stock Appreciation Rights	03/01/2020(2)	03/01/2029	Common Stock	951	54.4477	D
Stock Appreciation Rights	03/03/2021(3)	03/03/2030	Common Stock	1,136	56.009	D
Stock Appreciation Rights	03/04/2022(4)	03/04/2031	Common Stock	601	71.1524	D
Stock Appreciation Rights	03/03/2023(5)	03/03/2032	Common Stock	991	71.5	D

Explanation of Responses:

1. This stock appreciation right vests in four equal annual installments beginning on March 1, 2019.

2. This stock appreciation right vests in four equal annual installments beginning on March 1, 2020.

3. The stock appreciation right vests in four equal annual installments beginning on March 3, 2021.

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

5. The stock appreciation right vests in four equal annual installments beginning on March 3, 2023.

	By: Paul A. Steiner For: Richard W. Heise	04/29/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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