X0306 4 2017-12-14 0000720005 RAYMOND JAMES FINANCIAL INC RJF 0001240439 REILLY PAUL C 880 CARILLON PARKWAY ST. PETERSBURG FL 33716 1 1 Chief Executive Officer Common Stock 2017-12-12 5 G 0 12000.0000 0.0000 D 106682.0000 D Common Stock 2017-12-14 4 S 0 12681.0000 87.7741 D 94001.0000 D Common Stock 2017-12-15 4 M 0 14142.0000 0 A 108143.0000 D Common Stock 2017-12-15 4 F 0 5600.0000 88.2400 D 102543.0000 D Common Stock 837.0000 I ESOP Restricted Stock Units 2017-12-15 4 M 0 14142.0000 0.0000 D 2017-12-15 2017-12-15 Common Stock 14142.0000 0.0000 D Restricted Stock Units 2017-12-15 4 A 0 21930.0000 0.0000 A 2020-12-15 2020-12-15 Common Stock 21930.0000 21930.0000 D The reporting person effected multiple same-way open market sale transactions on the same day at different prices through a trade order executed by a broker-dealer. The reporting person has reported on a single line all such transactions that occurred within a one dollar price range. The reporting person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer or a shareholder of the issuer, full information regarding the number of shares sold at each separate price. Reflects the weighted average sale price. The range of prices for such transaction was $87.50 to $88.03. Each Restricted Stock Unit (RSU) represents a contingent right to receive, upon vesting of the award: (i) one share of common stock, and (ii) accrued cash in lieu of dividends. Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through November 28, 2017. Award of RSUs as a portion of annual bonus under Amended and Restated 2012 Stock Incentive Plan. This Form 4 reports (1) the grant of RSUs under the issuer's Amended and Restated 2012 Stock Incentive Plan as a portion of the annual bonus to the reporting person, (2) the vesting of RSUs awarded to the reporting person on 12/15/2014, (3) a disposition by the reporting person to the issuer to cover tax liability in connection with such vesting, (4) the open market sale by the reporting person of shares of common stock, and (5) the gift of shares by the reporting person. /s/ Paul C. Reilly by Jonathan J. Doyle as Attorney-in-Fact 2017-12-18