X0306 4 2016-12-13 0000720005 RAYMOND JAMES FINANCIAL INC RJF 0001541020 Dowdle Jeffrey A 880 CARILLON PARKWAY ST. PETERSBURG FL 33716 1 President, Asset Mgmt Group Common Stock 2016-12-13 4 M 0 2048.0000 0 A 45118.0000 D Common Stock 7747.0000 I ESOP Common Stock 1500.0000 I UTMA Custodian for Daughter EC Common Stock 1500.0000 I UTMA Custodian for Son GT Restricted Stock Units 2016-12-13 4 M 0 2048.0000 0.0000 D 2016-12-13 2016-12-13 Common Stock 2048.0000 0.0000 D 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 342 shares of common stock acquired on December 2, 2016, pursuant to the registrant's Employee Stock Purchase Plan. Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through December 12, 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. This Form 4 reports the vesting of RSUs awarded to the reporting person on 12/13/2013. /s/ Jeffrey A. Dowdle by Jonathan J. Doyle as Attorney-in-Fact 2016-12-14