diff --git a/CHANGELOG_PENDING.md b/CHANGELOG_PENDING.md
index cc08e0dc0b3..b9f3f22d30c 100644
--- a/CHANGELOG_PENDING.md
+++ b/CHANGELOG_PENDING.md
@@ -22,4 +22,8 @@
 * `aws` : Adds missing sdk error checking when seeking readers ([#379](https://github.com/aws/aws-sdk-go-v2/pull/379))
   * Adds support for nonseekable io.Reader. Adds support for streamed payloads for unsigned body request. 
   * Fixes [#371](https://github.com/aws/aws-sdk-go-v2/issues/371)
+* `service/s3` : Fixes unexpected EOF error by s3manager ([#386](https://github.com/aws/aws-sdk-go-v2/pull/386))
+  * Fixes bug which threw unexpected EOF error when s3 upload is performed for a file of maximum allowed size
+  * Fixes [#316](https://github.com/aws/aws-sdk-go-v2/issues/316)
+
   
diff --git a/service/s3/s3manager/upload.go b/service/s3/s3manager/upload.go
index 7300b6ae471..634b2fb6acb 100644
--- a/service/s3/s3manager/upload.go
+++ b/service/s3/s3manager/upload.go
@@ -144,8 +144,13 @@ type Uploader struct {
 	// MaxUploadParts is the max number of parts which will be uploaded to S3.
 	// Will be used to calculate the partsize of the object to be uploaded.
 	// E.g: 5GB file, with MaxUploadParts set to 100, will upload the file
-	// as 100, 50MB parts.
-	// With a limited of s3.MaxUploadParts (10,000 parts).
+	// as 100, 50MB parts. With a limited of s3.MaxUploadParts (10,000 parts).
+	//
+	// MaxUploadParts must not be used to limit the total number of bytes uploaded.
+	// Use a type like to io.LimitReader (https://golang.org/pkg/io/#LimitedReader)
+	// instead. An io.LimitReader is helpful when uploading an unbounded reader
+	// to S3, and you know its maximum size. Otherwise the reader's io.EOF returned
+	// error must be used to signal end of stream.
 	MaxUploadParts int
 
 	// The client to use when uploading to S3.
@@ -532,21 +537,6 @@ func (u *multiuploader) upload(firstBuf io.ReadSeeker) (*UploadOutput, error) {
 
 	// Read and queue the rest of the parts
 	for u.geterr() == nil && err == nil {
-		num++
-		// This upload exceeded maximum number of supported parts, error now.
-		if num > int64(u.cfg.MaxUploadParts) || num > int64(MaxUploadParts) {
-			var msg string
-			if num > int64(u.cfg.MaxUploadParts) {
-				msg = fmt.Sprintf("exceeded total allowed configured MaxUploadParts (%d). Adjust PartSize to fit in this limit",
-					u.cfg.MaxUploadParts)
-			} else {
-				msg = fmt.Sprintf("exceeded total allowed S3 limit MaxUploadParts (%d). Adjust PartSize to fit in this limit",
-					MaxUploadParts)
-			}
-			u.seterr(awserr.New("TotalPartsExceeded", msg, nil))
-			break
-		}
-
 		var reader io.ReadSeeker
 		var nextChunkLen int
 		reader, nextChunkLen, err = u.nextReader()
@@ -566,6 +556,21 @@ func (u *multiuploader) upload(firstBuf io.ReadSeeker) (*UploadOutput, error) {
 			break
 		}
 
+		num++
+		// This upload exceeded maximum number of supported parts, error now.
+		if num > int64(u.cfg.MaxUploadParts) || num > int64(MaxUploadParts) {
+			var msg string
+			if num > int64(u.cfg.MaxUploadParts) {
+				msg = fmt.Sprintf("exceeded total allowed configured MaxUploadParts (%d). Adjust PartSize to fit in this limit",
+					u.cfg.MaxUploadParts)
+			} else {
+				msg = fmt.Sprintf("exceeded total allowed S3 limit MaxUploadParts (%d). Adjust PartSize to fit in this limit",
+					MaxUploadParts)
+			}
+			u.seterr(awserr.New("TotalPartsExceeded", msg, nil))
+			break
+		}
+
 		ch <- chunk{buf: reader, num: num}
 	}
 
diff --git a/service/s3/s3manager/upload_test.go b/service/s3/s3manager/upload_test.go
index f154fe1cb3f..60ff0ac9a2b 100644
--- a/service/s3/s3manager/upload_test.go
+++ b/service/s3/s3manager/upload_test.go
@@ -24,7 +24,7 @@ import (
 	"github.com/aws/aws-sdk-go-v2/service/s3/s3manager"
 )
 
-var emptyList = []string{}
+var emptyList []string
 
 func val(i interface{}, s string) interface{} {
 	v, err := awsutil.ValuesAtPath(i, s)
@@ -1005,3 +1005,39 @@ func TestUploadWithContextCanceled(t *testing.T) {
 		t.Errorf("expected error message to contain %q, but did not %q", e, a)
 	}
 }
+
+// S3 Uploader incorrectly fails an upload if the content being uploaded
+// has a size of MinPartSize * MaxUploadParts.
+func TestUploadMaxPartsEOF(t *testing.T) {
+	s, ops, _ := loggingSvc(emptyList)
+	mgr := s3manager.NewUploaderWithClient(s, func(u *s3manager.Uploader) {
+		u.Concurrency = 1
+		u.PartSize = s3manager.DefaultUploadPartSize
+		u.MaxUploadParts = 2
+	})
+	f := bytes.NewReader(make([]byte, int(mgr.PartSize)*mgr.MaxUploadParts))
+
+	r1 := io.NewSectionReader(f, 0, s3manager.DefaultUploadPartSize)
+	r2 := io.NewSectionReader(f, s3manager.DefaultUploadPartSize, 2*s3manager.DefaultUploadPartSize)
+	body := io.MultiReader(r1, r2)
+
+	_, err := mgr.Upload(&s3manager.UploadInput{
+		Bucket: aws.String("Bucket"),
+		Key:    aws.String("Key"),
+		Body:   body,
+	})
+
+	if err != nil {
+		t.Fatalf("expect no error, got %v", err)
+	}
+
+	expectOps := []string{
+		"CreateMultipartUpload",
+		"UploadPart",
+		"UploadPart",
+		"CompleteMultipartUpload",
+	}
+	if e, a := expectOps, *ops; !reflect.DeepEqual(e, a) {
+		t.Errorf("expect %v ops, got %v", e, a)
+	}
+}