SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
X	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* BUCKELEW JOSEPH (Last) (First) (Middle) C/O COMMERCE BANK SHORE 1101 HOOPER STREET (Street) TOMS RIVER NJ 08754 (City) (State) (Zip)	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)
	3. Date of Earliest Transaction (Month/Day/Year) 03/25/2008
	4. If Amendment, Date of 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

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	03/31/2008		J(1)		494,408	D	(1)	0(2)	D
Common Stock	03/31/2008		J(1)		17,934	D	(1)	0(3)	I	401(k)
Common Stock	03/31/2008		J(1)		6,945	D	(1)	0(3)	I	401(k) Allocation
Common Stock	03/31/2008		J(1)		316,976	D	(1)	0	I	By Wife
Common Stock	03/31/2008		J(1)		9,556	D	(1)	0	I	Buckelew & Lake
Common Stock	03/31/2008		J(1)		150,000	D	(1)	0(2)	I	Joseph E. Buckelew Charitable Remainder Trust

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 Securities Underlying Derivative Security (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: 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(4)	$20.06	03/31/2008		J(5)			100,000	02/04/2003	02/04/2012	Common Stock	100,000	$0	0	D
Right to Buy(4)	$21.4	03/31/2008		J(5)			100,000	(5)	02/16/2013	Common Stock	100,000	$0	0	D
Right to Buy(4)	$29.45	03/31/2008		J(5)			80,000	(5)	02/03/2014	Common Stock	80,000	$0	0	D
Right to Buy(4)	$31.38	03/31/2008		J(5)			25,000	(5)	03/08/2015	Common Stock	25,000	$0	0	D
Right to Buy(4)	$36.37	03/31/2008		J(5)			25,000	(5)	03/14/2016	Common Stock	25,000	$0	0	D
Right to Buy(4)	$33.12	03/31/2008		J(5)			25,000	(5)	03/20/2017	Common Stock	25,000	$0	0	D

Explanation of Responses:

1. Shares disposed of as a result of the merger between Commerce Bancorp, Inc. (CBH) and the Toronto-Dominion Bank (TD) pursuant to which each share of CBH common stock was exchanged for 0.4142 shares of TD common stock having a market value of $59.60 per share on the effective date of the merger and $10.50 in cash.

2. On March 25, 2008, 150,000 shares previously owned directly by Mr. Buckelew were transferred into the Joseph E. Buckelew Charitable Remainder Trust.

3. Reflects 401(k) allocations that have occurred since the date of the reporting person's last ownership report..

4. Granted under the Company's 2004 Employee Stock Option Plan, which is a 16b-3 plan.

5. Per the terms of the Merger Agreement with TD, UPON COMPLETION OF THE MERGER, each outstanding option to purchase CBH common stock was converted to an option to purchase TD common stock on substantially the same terms, except that the number of options was adjusted by multiplying the number of CBH options by 0.5522, the grant price was adjusted by dividing the CBH grant price by 0.5522, and the options became immediately exercisable at the effective time of the merger and will remain exercisable until the expiration date of the option.

	Joseph Buckelew	04/02/2008
	** Signature of Reporting Person	Date
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