X0306 4 2016-11-01 0000038777 FRANKLIN RESOURCES INC BEN 0001010261 JOHNSON RUPERT H JR C/O FRANKLIN RESOURCES, INC. ONE FRANKLIN PARKWAY SAN MATEO CA 94403-1906 1 1 1 Vice Chairman Common Stock, par value $.10 2016-11-01 4 S 0 300000 33.65 D 906735 I By IRA Common Stock, par value $.10 104465045 D Common Stock, par value $.10 22456.5877 I By 401(k) Common Stock, par value $.10 10116 I By Spouse Reporting Person holds shares in the Franklin Templeton 401(k) Retirement Plan. Information is based on a plan statement as of October 14, 2016. Shares held by Reporting Person's spouse. Reporting Person disclaims beneficial ownership of such shares. /s/ Rupert H. Johnson, Jr. 2016-11-02