<SEC-DOCUMENT>0001104659-16-151663-index.html : 20161024
<SEC-HEADER>0001104659-16-151663.hdr.sgml : 20161024
<ACCEPTANCE-DATETIME>20161024163359
ACCESSION NUMBER:		0001104659-16-151663
CONFORMED SUBMISSION TYPE:	425
PUBLIC DOCUMENT COUNT:		8
FILED AS OF DATE:		20161024
DATE AS OF CHANGE:		20161024

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MERCHANTS BANCSHARES INC
		CENTRAL INDEX KEY:			0000726517
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				030287342
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		425
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11595
		FILM NUMBER:		161948340

	BUSINESS ADDRESS:	
		STREET 1:		275 KENNEDY DRIVE
		CITY:			SOUTH BURLINGTON
		STATE:			VT
		ZIP:			05403
		BUSINESS PHONE:		8026583400

	MAIL ADDRESS:	
		STREET 1:		275 KENNEDY DRIVE
		CITY:			SOUTH BURLINGTON
		STATE:			VT
		ZIP:			05403

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MERCHANTS BANCSHARES INC
		CENTRAL INDEX KEY:			0000726517
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				030287342
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		425

	BUSINESS ADDRESS:	
		STREET 1:		275 KENNEDY DRIVE
		CITY:			SOUTH BURLINGTON
		STATE:			VT
		ZIP:			05403
		BUSINESS PHONE:		8026583400

	MAIL ADDRESS:	
		STREET 1:		275 KENNEDY DRIVE
		CITY:			SOUTH BURLINGTON
		STATE:			VT
		ZIP:			05403
</SEC-HEADER>
<DOCUMENT>
<TYPE>425
<SEQUENCE>1
<FILENAME>a16-20314_5425.htm
<DESCRIPTION>425
<TEXT>
Document 1 - file: a16-20314_5425.htm

</DOCUMENT>
<DOCUMENT>
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<SEQUENCE>2
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<DESCRIPTION>GRAPHIC
<TEXT>
Document 2 - file: g203145bgi001.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g203145bgi002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 3 - file: g203145bgi002.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g203145bgi003.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 4 - file: g203145bgi003.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g203145bgi004.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 5 - file: g203145bgi004.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g203145bgi005.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 6 - file: g203145bgi005.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g203145bgi006.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 7 - file: g203145bgi006.gif

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g203145bgi007.gif
<DESCRIPTION>GRAPHIC
<TEXT>
Document 8 - file: g203145bgi007.gif

</DOCUMENT>
</SEC-DOCUMENT>