X0306 4 2016-11-21 0000720005 RAYMOND JAMES FINANCIAL INC RJF 0001182775 JAMES THOMAS A 880 CARILLON PARKWAY ST. PETERSBURG FL 33716 1 1 1 Executive Chairman Common Stock 2016-11-21 4 A 0 3040.0000 0.0000 A 13336715.0000 D Common Stock 200.0000 I ESOP Common Stock 1325508.0000 I Robert A. James Trust Common Stock 48087.0000 I Spouse Vesting of Performance Restricted Stock Units (PRSUs) granted on 12/13/2013. Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through November 17, 2016. The reporting person is the trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. This Form 4 reports the acquisition by the reporting person of common stock resulting from the vesting of RSUs granted on 12/13/2013 based on the company's attaining certain levels of average after-tax return-on-equity over a three-year measurement period. /s/ Thomas A. James by Jonathan J. Doyle as Attorney-in-Fact 2016-11-23