Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
BERSHAD JACK R
   2. Issuer Name and Ticker or Trading Symbol
COMMERCE BANCORP INC /NJ/ [CBH] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O BLANK ROME LLP, ONE LOGAN SQUARE		 3. Date of Earliest Transaction (Month/Day/Year)
02/13/2004
(Street)

PHILADELPHIA, PA 19103-6998		 4. If Amendment, Date Original Filed(Month/Day/Year)
02/17/2004		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/13/2004   M V 3,344 A $ 5.36 0 D  
Common Stock 02/13/2004   F V 303 D $ 59.15 0 D  
Common Stock 02/13/2004   S V 3,041 D $ 58.98 49,368 D  
Common Stock               19,776 I By Wife

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option Right to Buy (1) $ 5.36 02/13/2004   M     3,344 05/24/1995 05/24/2004 Common Stock 0 $ 0 0 D  
Stock Option Right to Buy (1) $ 5.82             06/20/1996 06/20/2005 Common Stock 3,188   3,188 D  
Stock Option Right to Buy (1) $ 7.72             06/18/1997 06/18/2006 Common Stock 3,034   3,034 D  
Stock Option Right to Buy (1) $ 12.82             06/17/1998 06/17/2007 Common Stock 2,890   2,890 D  
Stock Option Right to Buy (1) $ 20.3             06/29/1999 06/28/2008 Common Stock 34,450   34,450 D  
Stock Option Right to Buy (1) $ 21.84             01/19/2000 01/19/2009 Common Stock 3,150   3,150 D  
Stock Option Right to Buy (1) $ 30.6             01/31/2002 01/31/2011 Common Stock 6,000   6,000 D  
Stock Option Right to Buy (1) $ 40.12             02/04/2003 02/04/2012 Common Stock 5,000   5,000 D  
Stock Option Right to Buy (1) $ 19.28             12/21/2000 12/21/2009 Common Stock 3,150   3,150 D  
5.95% Convertible Trust Preferred Securities (3) (2)               (2) 03/11/2032(2) Common Stock 1,894 (3)   2,000 D  
5.95% Convertible Trust Preferred Securities (3) (2)               (2) 03/11/2032(2) Common Stock 947 (3)   1,000 I Jointly with Wife
Stock Option Right to Buy (1) $ 42.8             02/18/2004 02/18/2013 Common Stock 1,250   1,250 D  
Stock Option Right to Buy (1) $ 42.8             02/18/2005 02/18/2013 Common Stock 1,250   1,250 D  
Stock Option Right to Buy (1) $ 42.8             02/18/2006 02/18/2013 Common Stock 1,250   1,250 D  
Stock Option Right to Buy (1) $ 42.8             02/18/2007 02/18/2013 Common Stock 1,250   1,250 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BERSHAD JACK R
C/O BLANK ROME LLP
ONE LOGAN SQUARE
PHILADELPHIA, PA 19103-6998		   X      

Signatures

 Jack R. Bershad   02/17/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).
(1) Granted under the Company's 1989 and 1998 Stock Option Plans for Non-Employee Directors, which are each 16b-3 Plans.
(2) Each 5.95% Convertible Trust Preferred Security is convertible at any time on or after the occurence of certain events described below and prior to 5:00 pm, New York City time, on the business day immediately preceeding the date of repayment of such preferred security, whether at stated maturity (i.e. March 11, 2032) or upon redemption, at the option of the holder thereof, into shares of Commerce Bancorp, Inc's common stock at an initial conversion ratio of 0.9478 shares of Commerce Bancorp, Inc. common stock for each preferred security, subject to adjustment under certain circumstances.
(3) Of Commerce Capital Trust II.

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