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 *
HILL VERNON W II
  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
__X__ Officer (give title below) _____ Other (specify below)
Chairman, CEO & President
(Last)
(First)
(Middle)
COMMERCE BANCORP, INC, 1701 ROUTE 70 EAST
3. Date of Earliest Transaction (Month/Day/Year)
03/21/2007
(Street)

CHERRY HILL, NJ 08034
4. If Amendment, Date 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
(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 03/21/2007   M(1)   578,792 A $ 8.05 0 D  
Common Stock 03/21/2007   M(1)   551,240 A $ 10.15 0 D  
Common Stock 03/21/2007   M(1)   440,992 A $ 10.92 0 D  
Common Stock 03/21/2007   M(1)   419,996 A $ 9.64 0 D  
Common Stock 03/21/2007   M(1)   400,000 A $ 15.3 0 D  
Common Stock 01/19/2007   F(1)   1,377,314 D $ 0 2,621,565 D  
Common Stock               90,078 I By Wife
Common Stock               71,496 I InterArch
Common Stock               333,390 I InterArch PS Plan
Common Stock               253,154 I Hill Family Trust
Common Stock               371,988 I Hill Foundation
Common Stock               314,433 I J. V. Properties
Common Stock               291,084 I S. J. Dining
Common Stock               297,332 I U. S. Restaurants
Common Stock               207,360 I Site Development
Common Stock               9,045 I Galloway National Golf
Common Stock               7,911 I 401 (k)
Common Stock               77,544 I 401(k) Allocation

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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
Right to Buy (2) $ 8.05 03/21/2007   M(1)   578,792   12/16/1998 12/16/2007 Common Stock 578,792 $ 0 0 D  
Right to Buy (2) $ 10.15 03/21/2007   M(1)   551,240   06/29/1999 06/29/2008 Common Stock 551,240 $ 0 0 D  
Right to Buy (2) $ 10.93 03/21/2007   M(1)   440,992   12/15/1999 12/15/2008 Common Stock 440,992 $ 0 0 D  
Right to Buy (2) $ 9.64 03/21/2007   M(1)   419,996   12/21/2000 12/21/2009 Common Stock 419,996 $ 0 0 D  
Right to Buy (2) $ 15.3 03/21/2007   M(1)   400,000   01/31/2002 01/31/2011 Common Stock 400,000 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HILL VERNON W II
COMMERCE BANCORP, INC
1701 ROUTE 70 EAST
CHERRY HILL, NJ 08034
  X     Chairman, CEO & President  

Signatures

 Vernon W. Hill   03/23/2007
**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) The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 21, 2007.
(2) Granted under the Company's 1997 and 2004 Employee Stock Option Plans, which are 16b-3 plans.

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