I confirm this on buntu 16.04.1 LTS

Lenovo L450 Core i5
Network controller: Intel Corporation Wireless 7265 (rev 59)

network-manager:
  Installed: 1.2.2-0ubuntu0.16.04.3
  Candidate: 1.2.2-0ubuntu0.16.04.3
  Version table:
 *** 1.2.2-0ubuntu0.16.04.3 500
        500 http://archive.ubuntu.com/ubuntu xenial-updates/main amd64 Packages
        100 /var/lib/dpkg/status
     1.1.93-0ubuntu4 500
        500 http://archive.ubuntu.com/ubuntu xenial/main amd64 Packages

After reawakening from suspend nm-applet has crashed show ethernet double 
arrows instead of nm-applet indicator.
Restarting nm-applet with 'killall nm-applet ; nm-applet' as workaround fixes 
it.

This bug has been reported twice before, affects more than 100 users but
hasn't been fixed and it seems that nobody are working on it.

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https://bugs.launchpad.net/bugs/1636282

Title:
  network-manager after suspend showing arrow icon instead of wifi icon
  and showing no wifi networks

Status in network-manager package in Ubuntu:
  Confirmed

Bug description:
  As requested by Mathieu Trudel-Lapierre (cyphermox) in bug #1589401
  I'm creating my own bug report.

  1) The release of Ubuntu you are using, via 'lsb_release -rd' or System -> 
About Ubuntu
  $ lsb_release -rd
  Description:  Ubuntu 16.04.1 LTS
  Release:      16.04

  2) The version of the package you are using, via 'apt-cache policy pkgname' 
or by checking in Software Center
  $ apt-cache policy network-manager
  network-manager:
    Installiert:           1.2.2-0ubuntu0.16.04.3
    Installationskandidat: 1.2.2-0ubuntu0.16.04.3
    Versionstabelle:
   *** 1.2.2-0ubuntu0.16.04.3 500
          500 http://ch.archive.ubuntu.com/ubuntu xenial-updates/main amd64 
Packages
          100 /var/lib/dpkg/status
       1.1.93-0ubuntu4 500
          500 http://ch.archive.ubuntu.com/ubuntu xenial/main amd64 Packages

  3) What you expected to happen
  I'm connected by WiFi only, not by a wired connection. I expect to see the 
WiFi icon anytime while being connected to my WiFi network. Also, I expect to 
see all the WiFi networks around me (at least one other network with good 
reception and about 3 with bad reception).

  4) What happened instead
  After waking up the laptop from suspend, there appears the ethernet icon 
(arrow symbols) instead of the WiFi icon.
  Also, in this state there are no other WiFi networks visible in the 
network-manager.
  However, the laptop is still connected with my WiFi and the connection works 
as usual.
  Using "service network-manager restart" in the console I can get the wireless 
icon back and all the other networks around me are visible again.
  This can be reproduced anytime and with 100% "success rate". The problem 
appeared with Ubuntu 16.10 and was persistent since.

  ProblemType: Bug
  DistroRelease: Ubuntu 16.04
  Package: network-manager 1.2.2-0ubuntu0.16.04.3
  ProcVersionSignature: Ubuntu 4.4.0-45.66-generic 4.4.21
  Uname: Linux 4.4.0-45-generic x86_64
  ApportVersion: 2.20.1-0ubuntu2.1
  Architecture: amd64
  CurrentDesktop: Unity
  Date: Mon Oct 24 20:06:09 2016
  EcryptfsInUse: Yes
  IfupdownConfig:
   # interfaces(5) file used by ifup(8) and ifdown(8)
   auto lo
   iface lo inet loopback
  InstallationDate: Installed on 2016-05-15 (161 days ago)
  InstallationMedia: Ubuntu 16.04 LTS "Xenial Xerus" - Release amd64 
(20160420.1)
  IpRoute:
   default via 192.168.1.1 dev wlo1  proto static  metric 600 
   169.254.0.0/16 dev wlo1  scope link  metric 1000 
   192.168.1.0/24 dev wlo1  proto kernel  scope link  src 192.168.1.244  metric 
600
  NetworkManager.state:
   [main]
   NetworkingEnabled=true
   WirelessEnabled=true
   WWANEnabled=true
  SourcePackage: network-manager
  UpgradeStatus: No upgrade log present (probably fresh install)
  nmcli-dev:
   DEVICE  TYPE      STATE        DBUS-PATH                                  
CONNECTION  CON-UUID                              CON-PATH                      
                     
   wlo1    wifi      connected    /org/freedesktop/NetworkManager/Devices/2  
WiNet 2     162de978-4466-46b0-957b-5f9c141d702a  
/org/freedesktop/NetworkManager/ActiveConnection/1 
   eno1    ethernet  unavailable  /org/freedesktop/NetworkManager/Devices/0  -- 
         --                                    --                               
                  
   lo      loopback  unmanaged    /org/freedesktop/NetworkManager/Devices/1  -- 
         --                                    --
  nmcli-nm:
   RUNNING  VERSION  STATE      STARTUP  CONNECTIVITY  NETWORKING  WIFI-HW  
WIFI     WWAN-HW  WWAN    
   running  1.2.2    connected  started  full          enabled     enabled  
enabled  enabled  enabled

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