X0306 4 2017-12-15 0000720005 RAYMOND JAMES FINANCIAL INC RJF 0001182775 JAMES THOMAS A 880 CARILLON PARKWAY ST. PETERSBURG FL 33716 1 1 1 Chairman Emeritus Common Stock 2017-12-07 5 G 0 60000.0000 0.0000 D 12049904.0000 I By Thomas A. James Family Rev Trust Common Stock 2017-12-15 4 M 0 3650.0000 0 A 12053554.0000 I By Thomas A. James Family Rev Trust Common Stock 2017-12-07 5 G 0 60000.0000 0.0000 A 108087.0000 I Spouse Common Stock 33750.0000 I By James Ventures, Inc. Common Stock 662754.0000 I By Robert A. James Trust Common Stock 1000000.0000 I By TA James Ventures Partnership Common Stock 258.0000 I ESOP Restricted Stock Units 2017-12-15 4 M 0 3650.0000 0.0000 D 2017-12-15 2017-12-15 Common Stock 3650.0000 0.0000 D Restricted Stock Units 2017-12-15 4 A 0 3174.0000 0.0000 A 2020-12-15 2020-12-15 Common Stock 3174.0000 3174.0000 D This transaction involved a gift of shares by the reporting person to his spouse. 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. 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. Includes shares of common stock held in the reporting person's Employee Stock Ownership Plan (ESOP) account through November 27, 2017. Award of RSUs as a portion of annual bonus under Amended and Restated 2012 Stock Incentive Plan. This Form 4 reports (1) the grant of RSUs under the issuer's Amended and Restated 2012 Stock Incentive Plan as a portion of the annual bonus to the reporting person, (2) the vesting of RSUs awarded to the reporting person on 12/15/2014, and (3) the gift of shares by the reporting person. /s/ Thomas A. James by Jonathan J. Doyle as Attorney-in-Fact 2017-12-19