X0306 4 2016-10-20 0 0000036270 M&T BANK CORP MTB 0001412211 Gold Richard S ONE M&T PLAZA BUFFALO NY 14203 0 1 0 0 Executive Vice President Common Stock 2016-10-20 4 M 0 7500 91.28 A 49873.713 D Common Stock 2016-10-20 4 S 0 7500 119.00 D 42373.713 D Common Stock 2.107 D Common Stock 17 I By Son Option (right to buy) 91.28 2016-10-20 4 M 0 7500 0.00 D 2018-01-31 Common Stock 7500 15844 D The reported transaction involved the exercise of stock options and the sale of shares pursuant to a pre-authorized trading plan meeting the requirements of Rule 10b5-1(c)(1) under the Securities Exchange Act of 1934, as amended. Includes 0.039 of a share which was acquired between January 1, 2016 and September 30, 2016 through participation in the M&T Bank Corporation Dividend Reinvestment Plan. Jointly owned. These shares are owned by the son of the reporting person under the Uniform Transfers to Minors Act for which the reporting person is custodian. Currently exercisable. The option was granted under an employee stock option plan maintained by M&T Bank Corporation, and therefore the reporting person paid no price for the option. By: Karla Braun-Kolbe, Esq. (Attorney-in-Fact) 2016-10-21