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 * BUCKELEW JOSEPH   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) President of Subsidiary (Last) (First) (Middle) C/O COMMERCE BANK SHORE, 1101 HOOPER STREET, CN 2050 3. Date of Earliest Transaction (Month/Day/Year) 04/20/2006 (Street) TOMS RIVER, NJ 08754 4. If Amendment, Date Original Filed(Month/Day/Year) 03/22/2007 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 04/20/2006   L(1)   98 A $ 36.38 0 D   Common Stock 07/18/2006   L(1)   113 A $ 31.56 0 D   Common Stock 10/20/2006   L(1)   105 A $ 34.11 0 D   Common Stock 01/19/2007   L(1)   128 A $ 30.45 0 D   Common Stock 04/20/2006   L(1)   184 A $ 37.51 0 D   Common Stock 07/18/2006   L(1)   213 A $ 32.54 0 D   Common Stock 10/20/2006   L(1)   198 A $ 35.17 0 D   Common Stock 01/19/2007   L(1)   241 A $ 31.39 643,138 D   Common Stock               17,934 I 401(k) Common Stock               6,945 I 401(k) Allocation Common Stock               316,976 I By Wife Common Stock               9,556 I Buckelew & Lake

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)

$ 33.12

03/20/2007

A

25,000 (4)

(3)

03/20/2017

Common Stock

25,000

$ 0

25,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
BUCKELEW JOSEPH C/O COMMERCE BANK SHORE 1101 HOOPER STREET, CN 2050 TOMS RIVER, NJ 08754	X		President of Subsidiary

Signatures

Joseph Buckelew		04/13/2007
**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)	Dividend Reinvestment
(2)	Granted under the Company's 1997 and 2004 Employee Stock Option Plans, which are 16b-3 plans.
(3)	The stock options are exercisable in 25% increments on the 1st, 2nd, 3rd and 4th anniversaries of the grant date.
(4)	Clerical Error

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