UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
1. Name and Address of Reporting Person(s)
Kemper, Jonathan M.
1000 Walnut Street
Kansas City, Missouri 64106
2. Issuer Name and Ticker or Trading Symbol
Commerce Bancshares, Inc. (CBSH)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
4. Statement for Month/Day/Year
3/6/2003
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[X] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
Vice Chairman
7. 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 Acquired, Disposed of, or Beneficially Owned
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1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code V Amount D Price End of Month I
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Common Stock 03/06/03 A (1) 1,492 A $0.00 6,235 D Direct
Common Stock 17,262 I Charlotte Kemper
Trust
Common Stock 21,444 I David BR Kemper
Trust
Common Stock 4,002 I Exec Comp Plan
Common Stock 101,994 I Irrev Trust for
self
Common Stock 36,189 I Irrev Trust
children
Common Stock 203,545 I Julie K Foyer
Trust
Common Stock 60,641 I Laura K Fields
Trust
Common Stock 17,246 I Nicholas Kemper
Trust
Common Stock 773,365 I Rev Trust for
self
Common Stock 14,175 I Thrift Plan
Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
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1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code V A D Exercisable Expiration
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Non-Qualified Stock Option $37.220000 03/06/03 A 36,000 03/06/03 (3) 03/05/13
(right to buy)
Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
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1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of
Security action of Underlying of Deri- Derivative Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
- Title Shares End of Month
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Non-Qualified Stock Option 03/06/03 Common Stock 36,000 36,000 D Direct
(right to buy)
Explanation of Responses:
(1)
Award of stock pursuant to CBI Restricted Stock Plan.
(2)
Acquired on various dates between January 1 and August 29, 2002, pursuant to Commerce Bancshares' deferred compensation plan.
(3)
The option vests in four equal annual installments beginning on March 6, 2003.
SIGNATURE OF REPORTING PERSON
/S/ By: Jeffery D. Aberdeen
For: Jonathan M. Kemper
DATE 03/07/03