X0306 4 2016-11-21 0000720005 RAYMOND JAMES FINANCIAL INC RJF 0001541020 Dowdle Jeffrey A 880 CARILLON PARKWAY ST. PETERSBURG FL 33716 1 President, Asset Mgmt Group Common Stock 2016-11-17 5 G 0 353.0000 0.0000 D 34396.0000 D Common Stock 2016-11-21 4 A 0 2027.0000 0.0000 A 36423.0000 D Common Stock 2016-11-22 4 M 0 10000.0000 27.1000 A 46423.0000 D Common Stock 2016-11-22 4 F 0 3695.0000 73.3300 D 42728.0000 D Common Stock 7745.0000 I ESOP Common Stock 1500.0000 I UTMA Custodian for Daughter EC Common Stock 1500.0000 I UTMA Custodian for Son GT Employee Stock Option (right to buy) 27.1000 2016-11-22 4 M 0 10000.0000 0.0000 D 2017-01-22 Common Stock 10000.0000 0.0000 D 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 (ESOP) account through November 21, 2016. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. Options became exercisable - 6,000 on 11/22/14, 2,000 on 11/22/15 and 2,000 on 11/22/16. This Form 4 reports (1) a gift of shares by the reporting person, (2) 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, (3) the exercise of employee stock options by the reporting person, and (4) the related disposition by the reporting person to the issuer of shares to cover the exercise price and taxes related to such exercise of employee stock options. /s/ Jeffrey A. Dowdle by Jonathan J. Doyle as Attorney-in-Fact 2016-11-23