X0306 4 2017-11-29 0000720005 RAYMOND JAMES FINANCIAL INC RJF 0001185788 TROCIN JEFFREY E 880 CARILLON PARKWAY ST. PETERSBURG FL 33716 1 Co-Pres-GlobEq&Inv Banking-RJA Common Stock 2017-11-29 4 A 0 6770.0000 0.0000 A 169717.0000 D Common Stock 5587.0000 I ESOP Restricted Stock Units 2017-11-30 4 A 0 5000.0000 0.0000 A 2022-11-30 Common Stock 5000.0000 5000.0000 D Vesting of Performance Restricted Stock Units (PRSUs) granted on 12/15/2014. Includes 71 shares of common stock acquired on March 2, 2017, 79 shares of common stock acquired on June 2, 2017, and 73 shares of common stock acquired on September 5, 2017, pursuant to the registrant's Employee Stock Purchase Plan. Since the date of the reporting person's last Form 4 reflecting common stock holdings, the reporting person has disposed of 3,500 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 November 28, 2017. 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. RSUs vest 60% on 11/30/2020, 20% on 11/30/2021, and 20% on 11/30/2022. This Form 4 reports (1) the acquisition by the reporting person of common stock resulting from the vesting of RSUs granted on 12/15/2014 based on the company's attaining certain levels of average after-tax return-on-equity over a three-year measurement period, and (2) a grant of Restricted Stock Units (RSUs) to the reporting person. /s/ Jeffrey E. Trocin by Jonathan J. Doyle as Attorney-in-Fact 2017-12-01