X0306 4 2018-01-02 0000720005 RAYMOND JAMES FINANCIAL INC RJF 0001706890 Bunn James E 880 CARILLON PARKWAY ST. PETERSBURG FL 33716 1 Co-Pres-GlobEq&Inv Banking-RJA Common Stock 2018-01-02 4 M 0 3000.0000 55.4900 A 13144.0000 D Common Stock 2018-01-02 4 M 0 2397.0000 48.2000 A 15541.0000 D Common Stock 2018-01-02 4 M 0 500.0000 37.8700 A 16041.0000 D Common Stock 2018-01-02 4 F 0 3075.0000 88.8600 D 12966.0000 D Common Stock 880.0000 I ESOP Employee Stock Option (right to buy) 55.4900 2018-01-02 4 M 0 3000.0000 0.0000 D 2021-11-20 Common Stock 3000.0000 2000.0000 D Employee Stock Option (right to buy) 48.2000 2018-01-02 4 M 0 2397.0000 0.0000 D 2020-11-21 Common Stock 2397.0000 800.0000 D Employee Stock Option (right to buy) 37.8700 2018-01-02 4 M 0 500.0000 0.0000 D 2019-11-29 Common Stock 500.0000 0.0000 D Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through January 2, 2018. Of the 5,000 employee stock options granted on 11/20/2014, 60% vested on 11/20/2017, 20% will vest on 11/20/2018, and 20% will vest on 11/20/2019. Of the 4,000 employee stock options granted on 11/21/2013, 60% vested on 11/21/2016, 20% vested on 11/21/2017, and 20% will vest on 11/21/2018. Of the 1,250 employee stock options granted on 11/29/2012, 60% vested on 11/29/2015, 20% vested on 11/29/2016, and 20% vested on 11/29/2017. This Form 4 reports the exercise of stock options with respect to shares of common stock and the disposition of common stock to the issuer to cover taxes and the exercise price. /s/ James E. Bunn by Jonathan J. Doyle as Attorney-in-Fact 2018-01-04