X0306 4 2017-02-27 0000720005 RAYMOND JAMES FINANCIAL INC RJF 0001182753 JULIEN JEFFREY P 880 CARILLON PARKWAY ST. PETERSBURG FL 33716 1 CFO, Executive VP - Fin Common Stock 2017-02-27 4 M 0 10000.0000 37.8700 A 63636.0000 D Common Stock 2017-02-27 4 F 0 6245.0000 79.4100 D 57391.0000 D Common Stock 3740.0000 I By Spouse Common Stock 769.0000 I By spouse through ESOP Common Stock 9419.0000 I ESOP Employee Stock Option (right to buy) 37.8700 2017-02-27 4 M 0 10000.0000 0.0000 D 2019-11-29 Common Stock 10000.0000 2500.0000 D Includes shares of common stock acquired under the reporting person's spouse's ESOP account through February 10, 2017. Since the date of the reporting person's last Form 4 reflecting common stock holdings, the reporting person has disposed of 5,000 shares held in his ESOP account pursuant to a diversification election made under the Internal Revenue Code, and his ESOP account has received additional allocations under the ESOP through February 10, 2017. Of the 12,500 employee stock options granted on 11/29/2012, 60% vested on 11/29/2015, 20% on 11/29/2016, and 20% will vest on 11/29/2017. This Form 4 reports (i) the partial exercise of stock options by the reporting person and (ii) the related disposition by the reporting person to the issuer to cover taxes and the exercise price. /s/ Jeffrey P. Julien by Jonathan J. Doyle as Attorney-in-Fact 2017-02-28