X0306 4 2016-11-07 0 0000036270 M&T BANK CORP MTB 0001245773 JONES RENE F ONE M&T PLAZA BUFFALO NY 14203-2399 0 1 0 0 Executive Vice President Common Stock 2016-11-07 4 M 0 15740 121.31 A 61473.79 D Common Stock 2016-11-07 4 S 0 15740 124.31 D 45733.79 D Common Stock 6729 I By 401(k) Plan Common Stock 121.31 2016-11-07 4 M 0 15740 0.00 D 2017-01-31 Common Stock 15740 0 D Phantom Common Stock Units Common Stock 2435 I Supplemental 401 (k) Plan 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. The information presented is as of September 30, 2016. 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. The reported phantom common stock units are held by the reporting person in an excess benefit plan account maintained by M&T Bank Corporation and represent a like number of shares of M&T Bank Corporation common stock. The phantom common stock units may only be settled in cash upon distribution in accordance with the terms of the plan. The reported phantom common stock units also include units acquired through the dividend reinvestment feature of the plan. By: Karla L. Harlow, Esq. (Attorney-In-Fact) 2016-11-09