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 *
SCHWARTZ WILLIAM A JR
  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)
U.S. VISION, PO BOX 124
3. Date of Earliest Transaction (Month/Day/Year)
01/18/2008
(Street)

GLENDORA, NJ 08029
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 02/14/2008   M   41,336 A $ 10.15 86,901 (1) D  
Common Stock 02/14/2008   M   6,300 A $ 10.92 93,201 D  
Common Stock 02/14/2008   M   6,300 A $ 9.64 99,501 D  
Common Stock 02/14/2008   M   12,000 A $ 15.3 111,501 D  
Common Stock 02/14/2008   M   10,000 A $ 20.06 121,501 D  
Common Stock 02/14/2008   M   10,000 A $ 21.4 131,501 D  
Common Stock 02/14/2008   M   10,000 A $ 29.45 141,501 D  
Common Stock 02/14/2008   M   7,500 A $ 31.38 149,001 D  
Common Stock 02/14/2008   M   1,875 A $ 36.37 150,876 D  
Common Stock 02/14/2008   S   105,311 D $ 37.36 45,565 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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) $ 10.15 02/14/2008   M   41,336   06/29/1999 06/29/2008 Common Stock 41,336 $ 0 0 D  
Right to Buy (2) $ 10.92 02/14/2008   M   6,300   01/19/2000 01/19/2009 Common Stock 6,300 $ 0 0 D  
Right to Buy (2) $ 9.64 02/14/2008   M   6,300   12/21/2000 12/21/2009 Common Stock 6,300 $ 0 0 D  
Right to Buy (2) $ 15.3 02/14/2008   M   12,000   01/31/2002 01/31/2011 Common Stock 12,000 $ 0 0 D  
Right to Buy (2) $ 20.06 02/14/2008   M   10,000   02/04/2003 02/04/2012 Common Stock 10,000 $ 0 0 D  
Right to Buy (2) $ 21.4 02/14/2008   M   10,000     (3) 02/18/2013 Common Stock 10,000 $ 0 0 D  
Right to Buy (2) $ 29.45 02/14/2008   M   10,000     (3) 02/03/2014 Common Stock 10,000 $ 0 0 D  
Right to Buy (2) $ 31.38 02/14/2008   M   7,500     (3) 03/08/2015 Common Stock 7,500 $ 0 0 D  
Right to Buy (2) $ 36.37 02/14/2008   M   1,875     (4) 03/14/2016 Common Stock 7,500 $ 0 5,625 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SCHWARTZ WILLIAM A JR
U.S. VISION
PO BOX 124
GLENDORA, NJ 08029
  X      

Signatures

 William Schwartz, Jr.   02/19/2008
**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) Includes 145 shares acquired on 1/18/08 under the Company's Dividend Reinvestment Plan.
(2) Granted under the Company's 1989 & 1998 Non-Employee Directors' Stock Option Plans, which are 16b-3 plans.
(3) Under the original terms, the stock options were exercisable in 25% increments on the 1st, 2nd, 3rd, and 4th anniversaries of the grant date. In December 2005, the Board of Directors accelerated all unvested stock options to become immediately exercisable.
(4) The stock options are exercisable in 25% increments on the 1st, 2nd, 3rd, and 4th anniversaries of the grant date.

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