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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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

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)

$ 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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