Tulsa World: Insider overview: Commerce Bancshares Inc.

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Insider overview: Commerce Bancshares Inc.
Nasdaq: CBSH

By MOTLEY FOOL
Published: 11/2/2009 2:21 AM
Last Modified: 11/2/2009 4:48 AM

David Woods Kemper, chairman, president and CEO, from Oct. 16 to Oct. 20 sold 413,865 directly and indirectly held shares at between $39.00 and $39.19 with a market value of more than $16.1 million, and now holds 2,639,740 shares total common.

This is the fifth sell by Kemper in 2009, and the third large sell since August. In late August he sold 224,192 directly and indirectly held shares at between $38.01 and $38.92, with a market value of nearly $8.6 million, and just last month — from Sept. 16 to Sept. 17 — sold 259,171 directly and indirectly held shares at between $38.04 and $38.22 with a market value of close to $9.9 million.

This year, Kemper has sold 929,351 shares at between $30.24 and $39.19 with a market value of $35.4 million.

In the 31 qualified sells by Kemper, the share price has risen 3.5 percent in the six-month period following the transactions.

Kemper has a Thomson Reuters proven sell score of 41 (one being the least predictive and 100 being the most predictive).

Also, Jonathan McBride Kemper, vice chairman of Commerce Bancshares and Commerce Bank, N.A. (Missouri), from Oct. 16 to Oct. 20 sold 2,085 directly and indirectly held shares at between $39.00 and $39.19 with a market value of $81,424, and now holds 1,880,980 shares total common.

Commerce Bancshares currently operates two Commerce Bank branches in Tulsa. It also has banks in Missouri, Kansas, Illinois and Colorado.

Shares of CBSH closed Friday at $38.36, down 71 cents.

They have traded at a low of $27.80 on March 9, and a high of $46.38 on Nov. 4.

Valmont Industries Inc.: Steven G. Branscombe, vice president-information technology, on Oct. 19 exercised options to buy 10,000 shares at between $24.78 and $34.33, and on the same day sold 9,147 directly and indirectly held shares at between $76.08 and $76.12 with a market value of $695,999, and now holds 10,222 shares total common.

Valmont Industries operates a plant in Tulsa, where it makes steel poles and does galvanizing, according to the company Web site.

VMI shares closed Friday at $72.27, down $1.97.

Kimberly-Clark Corp.: Thomas J. Falk, chairman, president and CEO, on Oct. 23 exercised options to buy 203,384 shares at $52 with a market value of nearly $10.6 million, and on the same day sold 203,384 directly and indirectly held shares at between $61.30 and $62.21 with a market value of more than $12.6 million, and now holds 341,987 shares total common.

Also, Thomas J. Mielke, senior vice president-law and government affairs, chief compliance officer, on Oct. 23 sold 1,000 directly held shares at $62.98 with a market value of $62,980, and now holds 16,418 shares total common.

Kimberly-Clark operates a paper products plant in Jenks.

On Friday, KMB shares closed at $61.16, down 57 cents. By MOTLEY FOOL

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